Incentive Compensation: Choosing Metrics that Maximize Performance

webinar Incentive Compensation: Choosing Metrics that Maximize Performance

You Will Learn:

  • How to identify performance goals for your organization that will drive the right outcomes and behaviors
  • Steps to take when implementing or updating your metric driven incentive plan
  • How to make performance metrics relevant, and actionable in your organization
  • Ways to be sure that the metrics you measure reward  the ‘real’ top performers
Watch the pre-recorded web conference
$269.00
 

How did I end up incentivizing the WRONG behavior?

What was I thinking when I set such easy targets? Sound familiar?

No matter how carefully you’ve thought it through, no matter how well you’ve planned, incentive plans are difficult to get right — and the opportunities to get it wrong are countless — and the results potentially catastrophic.

With incentive plans, you get what you pay for. If you’re measuring the wrong things, people will focus on those things. The trickiest aspect is finding the right balance of metrics to base them on. Make the targets too easy and you create an entitlement culture. Make them too tough and employees quit trying.

Learning Objectives

This information-packed webinar explores how to choose, manage, and measure performance metrics to maximize employee efforts and achievements. You will also learn:

  • How to identify performance goals for your organization that will drive the right outcomes and behaviors
  • Steps to take when implementing or updating your metric driven incentive plan
  • How to make performance metrics relevant, and actionable in your organization
  • Ways to be sure that the metrics you measure reward  the ‘real’ top performers
  • Specific ways that managers can better communicate the metrics behind the your incentive plan
  • When to update performance metrics, and key considerations for doing so
  • How to make pay metrics tangible, actionable and realistic to employees
  • How many metrics to use and best practices for ‘weighting’

Product ID: 7625

Discover How to Design a Variable Pay Plan that Saves Money and Improves Performance

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Faculty

Eric Hosken
Eric Hosken
Partner, Compensation Advisory Partners LLC

Eric Hosken serves as a Partner at Compensation Advisory Partners LLC. Mr. Hosken has over 12 years of executive compensation consulting experience working with senior management and Compensation Committees on all aspects of executive compensation, including total compensation review, annual and long-term incentive design, performance measurement and director compensation.

Continuing Education Units

  • hrci

    HRCI – Receive 1.25 recertification credit hours toward PHR and SPHR recertification through the Human Resource Certification Institute (HRCI). For more information about certification or recertification, please visit the HRCI homepage at www.hrci.org.

    “The use of this seal is not an endorsement by the HR Certification Institute of the quality of the program. It means that this program has met the HR Certification Institute’s criteria to be pre-approved for recertification credit.”

  • cle

    C4CM provides audio conference attendees with CLE credit processing services. To expedite C4CM processing your CLE request, please complete and submit the evaluation form available from C4CM at the conclusion of the audio conference. It will be necessary to enter the following information: name of each attorney requesting CLEs with full contact information, including e-mail address, bar number, and the state in which the attorney wants credits. Each attorney requesting credits must submit an evaluation.

    Please be advised C4CM audio conferences are subject to approval from each CLE issuing organization and approval is not guaranteed (state bar associations in Delaware, Indiana, Kansas, Ohio, and Pennsylvania do not grant CLE credits for audio conferences). The approval process takes approximately 6 – 8 weeks for most organizations but can take as long as 3 – 4 months. You will be notified via e-mail with the final status of your CLE application.

    Any person applying for CLE credits must attend the audio conference from start to finish (attendance will be taken for compliance reasons). Requests for CLE credits must be received no later than two weeks following the conclusion of the audio conference or live conference. CLE credits are not available for CD recordings.

    If you have any questions regarding CLE credits, contact Jill Adler at 631.368.2082 x 21 or jill.adler@meeting-matters.com.

Discover How to Design a Variable Pay Plan that Saves Money and Improves Performance

Get it on demand now

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