Training Doyens

OVERVIEW 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. WHY SHOULD YOU ATTEND 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 performan...

OVERVIEW Adopting a competitive, performance-based pay philosophy requires some extra work and the benefit is that you can drive your funds towards rewarding high-performing employees. To get a better understanding about performance based salary ranges, join our upcoming webinar where Teri Morning discusses merit-based, pay-for-performance matrix system which serves as a guide for supervisors and connects performance to market rate pay. The webinar provides a clear and deep understanding about: ·          Building modern salary budgets and matrixes. ·          Connecting performance with pay ranges and merit increases. ·          Current salary structure - Understanding how those numbers got that way and what they mean. LEARNING OBJECTIVES Today, every company is a performance based company and as such needs to learn to build and use its sala...

OVERVIEW People work for money. Even people who love their jobs likely would not perform them free. The salary budget while often the biggest expense in a company is to employees, a reward system for their work performed in your company and for the skills they bring to the workplace. Adopting a competitive, performance-based pay philosophy requires some extra work. In order to differentiate wages based upon the results of your employees, you need to know what you want people to do, be able to sort out how they are performing and, based on that, differentiate their pay. The benefit of your extra effort regarding compensation is that you can drive your funds towards rewarding high-performing employees who may even be paid less than the market. Because, realistically salary budgets and increase budgets are determined not only by compensation philosophy and range movements but the actual budget (or not) the employer has. WHY SHOULD YOU ATTEND When your supervisors determine ...