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DID YOU FORGET SOMETHING? A Checklist for Completing the Incentive Payout Process

Topic:
DID YOU FORGET SOMETHING? A Checklist for Completing the Incentive Payout Process
Date:
June 12, 2012 at 3:30 - 4:30 PM ET
Presenters:
Harriet Stewart, Managing Partner(Stewart Daly Inc)
Emily Nikisher, Sr. Project Manager(Stewart Daly Inc)
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Description
Okay, so your incentive plan’s been completed and it’s elegantly designed, either by you or a hired consultant. But as the old saying goes, there’s many a slip between cup and lip. The devil is in the details of making sure all the key actions and deadlines are achieved in an orderly fashion. If any of those are missed, the payouts can get delayed or lost … and you’ll be caught up short.

The compensation professional’s role is to ensure that recommendations for individual payments are made and approved, then actually land in your employees’ pockets AND, to make sure they appreciate it and understand how their payments were determined.

Administering an incentive plan involves multiple approval layers, close coordination with your finance and payroll teams, and an awareness of milestone dates that borders on obsession. Whether you have software applications to support the process or you’re still using Excel, there are a number of items on the checklist that you’ll need to cover.

This webcast is designed for compensation professionals who want to understand their organization’s incentive payout plan and implement it correctly. It will walk participants step by step through the process of translating the incentive payout plan into the actual dollars landing in employee paychecks. We’ll identify some of the common hazards and offer some helpful tips and advice for ensuring that those annoying glitches won’t arise.

Topics covered will include: Lining Up Your Players, Planning Your Calendar, Making Your Calculations, Communicating With Employees, and Dealing With Special Circumstances.

Who Should Participate
Compensation Analysts, Payroll Analysts, Compensation Managers
What You Will Learn
In this webcast you will learn: - Important Milestone Dates to Watch, and Planning Your Calendar - Decisions and Cooperation Needed From Others: Who, What and When - How to Set Up Incentive Payout Reports That Employees Understand
Recommended Resources
N/A
Communities
Compensation
Human Resources Management
Presented by
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Harriet Stewart
Stewart Daly Inc

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Emily Nikisher
Stewart Daly Inc

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Event Sponsors
Stewart Daly Inc
Stewart Daly, Inc. provides state-of-the-art software for compensation planning and administration. Our products include compensation planning, market.
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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.

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