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Evolving from a base pay environment to variable rewards is a significant cultural change for your organization, and there are a myriad of environmental, design, implementation and communication challenges that must be identified and addressed. If you're thinking about a new variable pay program but aren’t sure what to do, or if you have a plan operational but it‘s not motivating employees in the way you’d like, this presentation can help, as it offers a specific methodology to use and a series of structured steps to follow. The speaker demonstrates his pragmatic eight-step variable pay design approach, 10 criteria for success for variable pay, and variable rewards template that can be tailored for your organization.
- The issues and challenges to address and resolve when evolving your organization from base pay to variable rewards.
- Proven tools for designing, implementing and communicating an organization-wide variable pay program: a step-by-step methodology, template, and 10 success criteria.