Sessions
Concurrent Session
Jumping on the Incentive Bandwagon: Key Questions and Process Steps for Effective Plan Design
Convention Center 201
Tuesday 06/21/2016 04:00 PM - 05:15 PM
1.25 SHRM PDCs, 1.25 HR Credit
| Competencies: Consultation, Critical Evaluation
| Intended Audience: Mid-Level
Workplace Application:
This session will help you determine whether or not incentives are the answer along with effective design process steps for implementation.
Repeated from Monday at 2:00 p.m.
The use of incentives continues to surge in popularity. A recent survey found that 81 percent of U.S. organizations (up from 68 percent just six years ago) are using variable pay – or incentives – for employees outside the sales force. Top management is increasingly calling for it as a solution to all manner of performance issues. While we know that incentives can be a powerful force for the positive, they also have the potential to be ineffective and even damaging when implemented to “fix” ill-defined problems. This session will help you:
- Understand the basics of variable pay.
- Understand the key issues to evaluate when deciding whether to implement an incentive plan.
- Determine the steps for incentive plan design and implementation
Presenter:
Lisa Carlton, SHRM-SCP, Director, Compensation/Benefits, HRIS/Payroll, Stormont-Vail HealthCare