Sessions

Concurrent Session
The Ugly Duckling of Compensation: How Old-Fashioned Bonus Programs are Broadening the Equity Gap
Lonestar ABC
In-Person and Virtual Tuesday 10/26/2021 01:30 PM - 02:30 PM   Add to calendar
Competencies: Business (Behavioral), People (Technical)
Workplace Application:
Attendees will learn the five key focus areas that drive equity in bonus programs and how to improve their existing bonus program. 

Lots of light has been shed on inequitable compensation. It's great to see many organizations beginning to close the gap with salary adjustments to increase equity. However, few organizations are considering how ugly their bonus programs are.  Each year organizations spend up to 15%+ of revenue on bonus programs which often equates to a significant portion of their team members' total compensation. Turn of the century bonus spreadsheets and crystal balls no longer cut it for a workforce looking for immediate feedback and transparency about their compensation and incentives. Join us to learn how your ugly, old-fashioned bonus program is broadening the equity gap. We'll share the 5 steps to building a better bonus program, resources to benchmark your bonus program, and specific steps you can take immediately to improve. With the right focus on improving the overlooked, ugly duckling of compensation you can turn your bonus program into a beautiful SWAN and finally generate an ROI on your investment into your team.

Learning Objectives:

  • Learn the five key focus areas that drive equity in bonus programs. 
  • Explore how well leading organizations' bonus programs perform and how well your bonus program stacks up.
  • Understand specific actions you can take to improve your organization's bonus program to drive immediate improvements in equity, employee retention, and financial performance.
Chandra Storrusten  Photo
Presenter:
Chandra Storrusten, CEO,
Visible Value
Ryan Jolley Photo
Presenter:
Ryan Jolley, Co-founder and CEO,
ourlinQ