Linking Pay to Performance : Increasing Employee Engagement & Organizational Performance
One methodology used to increase an
organization’s productivity and profitability is to link performance pay with
the organization’s goals. When instituting a pay-for-performance system,
companies focus on translating organizational goals into performance measures
at every level of the organization, from senior leaders on down. Discover how
linking performance pay with organizational goals can boost productivity and
benefit your organization. You can make huge improvements in employee
engagement through effective performance management.
Organizations spend an enormous amount of
time, energy, and resources each year to set their organizational goals. To
attain those goals, a company relies on their greatest asset: their employees.
Employees who feel recognized demonstrate a stronger desire to help the company
grow and succeed.
Therefore, linking pay to performance could
leverage employee engagement and enhance overall organizational
performance.
Alignment between an organization and its employees doesn’t come naturally – it takes planning, hard work, and communication. Learning effective techniques to optimize organizational outcomes by ensuring there is a “line of sight” connection between organizational objectives and the goals established for individual employees is crucial.
Alignment between an organization and its employees doesn’t come naturally – it takes planning, hard work, and communication. Learning effective techniques to optimize organizational outcomes by ensuring there is a “line of sight” connection between organizational objectives and the goals established for individual employees is crucial.
Participation in this webinar will offer
attendees the opportunity to learn techniques to link performance pay with
organizational goals resulting in better employee engagement through effective
performance management, boost in productivity and numerous other benefits.
AREAS COVERED
- Defining goal-based
performance management
- Pros and Cons of linking pay to
performance
- Obtaining buy-in at all levels of
the organization
- Methods for introducing a
goal-based performance system to employees
- Handling push-back from employees
and managers
- Why some Managers hesitate to get
on board with a goal-based performance management system and how to get
past that issue
- Concept of “cascading” goals
- Six steps to cascading
organizational goals, aligning them with the organization’s performance
management process, and creating relevant employee development plans
connected to the organization’s business strategy
- How to set individual employee
goals
- SMART goals
- Performance tools available to
Managers
- How to coach employees who are not
meeting goals
LEARNING OBJECTIVES
Participants in this webinar will gain an
understanding of how linking pay to performance encourages exceptional
performance among employees. They will be able to recognize the link between
employee engagement and performance management.
Tips to get buy-in from all levels of the
organization will be discussed. Participants will learn methods to identify the
characteristics of effective goals and understand the relationship of
professional development and goals. Additionally, participants will be able to
create a “line of sight” connection between company, group, and individual
goals.
WHO WILL BENEFIT
- Senior Management
- HR Managers
- HR Generalists
- Operations Managers
- Compensation Professionals
- Managers with HR responsibility
- Any Professional who establishes
goals/performance targets or who has accountability for operational
outcomes
For more detail please click on this below
link:
Email: support@trainingdoyens.com
Toll Free: +1-888-300-8494
Tel: +1-720-996-1616
Fax: +1-888-909-1882
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