SIGN UP NOW!
It's FREE!

Create a Profile and Start Networking with HR Professionals
Register Now - It's Free Registration info
 
Member Content
Blogs | Questions | Files | Events | HR Groups | Members


  • Upcoming Events
  • Past Events
  • Public Events

More Virtual Conferences

Upcoming Conference
24 April - 25 April 2014

Rewards and Recognition

Upcoming Conference
29 April - 30 April 2014

Quality of Hire

Upcoming Conference
5 May - 6 May 2014

Performance Management

My Events
View and edit your current events.
Add Event

Click the "add event" button to create a listing for your event

Advertise Here

Tying Metrics to Compensation

Topic:
Tying Metrics to Compensation
Date:
August 16, 2012 at 11:00 - 12:00 PM ET
Presenters:
John Sanchez, President, Managing Director(The FPA Group)
webcastImgVirtual
Description
If you remember only one thing from the presentation, remember this:

If your incentive plans incorporate these three elements they will be more effective:

- Autonomy
- Master
- Purpose

The broad objectives for the presentation are as follows:

- Gain and understanding of different methods of designing effective incentives.

- Develop meaningful KPIs specific to your organization that relate to incentives.

- Gain an understanding of a framework for creating a dashboard system for your organization that will enhance engagement and understanding of your plan and incentives.

Performance and compensation are traditionally measured against targets that are fixed, agreed upon in advance and the result of negotiation. In a nutshell, incentives are traditionally tied to the budget. Traditional budgeting is broken, as are the incentives included in them.

Best-in-class companies use relative measures and focus on incentives that incorporate elements of motivation that include autonomy, mastery and purpose goals. By creating goals focused on these elements of motivation (autonomy, mastery and purpose) incentives can be aligned properly to elicit desired behaviors, driving higher performance and higher worker satisfaction simultaneously.

These changes require a paradigm shift, not just small incremental changes, so communication is a critical part of the equation and everyone involved in the process needs to communicate effectively throughout the process.

With some important exceptions, research has shown conclusively that high reward levels can lead to poor performance, yet traditional incentives are "carrot and stick" rewards. "If you do this, then you get that" type incentives are not used as extensively in best-in class organizations.

We will explore how different factors can be incorporated into incentives to drive performance and behavior to enhance employee engagement and bottom line business results.

Who Should Participate
Anyone involved in designing or managing incentives, including finance and corporate planning professionals who manage plans incorporating incentive compensation.
What You Will Learn
- Gain and understanding of different methods of designing effective incentives. - Develop meaningful KPIs specific to your organization that relate to incentives. - Gain an understanding of a framework for creating a dashboard system for your organization that will enhance engagement and understanding of your plan and incentives.
Recommended Resources
None. All materials will be provided.
Communities
Compensation
Performance Management
Culture
Motivation
PM Metrics
Competencies
Compensation Trends
Incentives Measurement, Reporting and Analysis
Compensation Measurement, Reporting and Analysis
Compensation Planning and Management
Compensation Modeling and Forecasting
Incentives, Rewards and Recognition
Executive compensation
Sales force compensation
Pay Strategies
Incentives Planning and Management
Rewards and Recognition
Presented by
spacer
speaker spacer
John Sanchez
The FPA Group

View Profile
spacer
Event Sponsors
No Company Selected
NULL
The FPA Group
FPA Group is a C-Level consulting firm specialized in helping companies in the following areas of Corporate Performance Management: - Strategic Planning - Budgeting - Forecasting - Reporting We help organizations make better decisions by improving their business performance management processes. Our consultants each have over 20 years of business experience. We don’t just make recommendations. We implement solutions. Ready access to other experts in various functional areas. The combination of broad and deep experience, along with hands on involvement brought to our clients with integrity, professionalism and leadership makes us unique. Specialties Budgeting, Forecasting, Financial Planning and Analysis, Financial Reporting
File List
Feedback
Name Comment Rating
Image of Sharon Lin Sharon Lin
University Of Minnesoa
3 / 5
Good Presentation
Image of Ben Mullins Ben Mullins
Spectrum Brands, Inc
3 / 5
Good Presentation
Image of Margo Granger Margo Granger
Uchc - University of Connecticut Health Center
3 / 5
Good Presentation
Image of Whitney Mays Whitney Mays
Virginia State Corporation Commission
3 / 5
Good Presentation
Image of Orlinda Robertson Orlinda Robertson
Grand County
3 / 5
Good Presentation
Image of Ed Gorenak Ed Gorenak
Bramalea Community Health Centre
4 / 5
Very Good Presentation
Image of Helen Spittle Helen Spittle
Unemployed
5 / 5
Excellent Presentation
Image of Donald Sabathier Donald Sabathier
Sabathier & Associates
5 / 5
Excellent Presentation
4 / 5
Very Good Presentation
Image of Vicki Costello Vicki Costello
University Of South Florida Physician Group
4 / 5
Very Good Presentation
Image of Joan Reutter Joan Reutter
JBR Consulting
3 / 5
Good Presentation
Image of Baruch Marmor Baruch Marmor
B.M. SQA Consulting
5 / 5
Excellent Presentation
Image of Thalia Himes Thalia Himes
Managed Pressure Operations LLC
3 / 5
Good Presentation
5 / 5
Excellent Presentation
Image of Judith Desembrana Judith Desembrana
PricewaterhouseCoopers LLP
3 / 5
Good Presentation
Good information and presenter. I'd listen to him again. Thanks... 4 / 5
Very Good Presentation
Image of Diane Holmes-Curtice Diane Holmes-Curtice
Daytona State College
Just what I noted above. 3 / 5
Good Presentation
Image of Grace Charles Grace Charles
AT&T Corp.
4 / 5
Very Good Presentation
5 / 5
Excellent Presentation
Image of Amanda Linard Amanda Linard
Cardinal Health
The speaker was very monotone and found himself funny. 3 / 5
Good Presentation
Would like to see a real life implementation plan for a business envrionment. 4 / 5
Very Good Presentation

Do you have any comments that you would like to share about the value of this session?

Please help others considering viewing the archive understand the value of the session. How would you rate this presentation?
Excellent        Very Good        Good        Fair        Bad       

Are you becoming an industry expert? Each One Hour Webcast on HR.com is reviewed and can qualify for an Institute for Human Resources credit. The Institute for Human Resources Certification Program provides HR Professionals with an opportunity to specialize in one vertical or domain, making them an Industry Expert. Each of HR.com’s webcasts are reviewed and evaluated against the verticals/domains criteria, and one credit hour can be applied to the appropriate vertical or domain.
For more information regarding the IHR Certification Program, please click here or visit: http://www.hr.com/en/ihr_certifications/
Did you know that each one-hour webcast is submitted to qualify for HR Certification Institute recertification credits? The archive of the webcast also qualifies recertification credits, for one (in some cases two) year(s) after the original broadcast. You can get your PHR, SPHR, GPHR and credits all without ever leaving your desk. We know how busy today's successful HR professionals are, which is why we're committed to delivering the best education to you in an easy and entertaining format. For more information about certification or recertification, please visit the HR Certification Institute homepage at www.hrci.org
"The use of this seal is not an endorsement by HR Certification Institute of the quality of the program. It means that this program has met HR Certification Institute’s criteria to be pre-approved for recertification credit."
WorldatWork Society of Certified Professionals. Recertification credit for this event applies to the Certified Compensation Professional (CCP®), Certified Benefits Professional® (CBP), Global Remuneration Professional (GRP®), Work-Life Certified Professional (WLCP®), Certified Executive Compensation Professional (CECP™) and Certified Sales Compensation Professional (CSCP™) designations granted by WorldatWork Society of Certified Professionals.

Recertification credit for this event can be taken by entering it into your online WorldatWork Society recertification application and entering the program date, title and length. Please note that the CECP and CSCP designations require a minimum number of credits from executive and sales compensation-related activities. For more information on recertification, visit the WorldatWork Society recertification webpage at www.worldatworksociety.org/recertification.


Sitemap   |   Advertise With Us