Today’s economy dictates that employers accelerate their efforts to reward employees for outcomes that add to the bottom line.
Perfectly positioned to fill this need is performance pay: the concept of paying employees for outcomes that add to the bottom line in accordance with strategic goals.
However, many companies are surprised to find themselves paying out more in incentives than the profit they realize from such programs. Other companies are surprised that their incentives do not result in the behaviors that an employer anticipated. Don't let this happen to your organization!Learning Objectives
A successful incentive program requires clearly-defined outcomes, appropriate and substantial rewards, efficient communication, and metrics capable of providing determinate information as to the success or failure of your plans.
This audio conference will help you to set up and implement - as well as how to avoid the common but costly mistakes - of incentive programs. It also will help you understand what to do to ensure your program is profitable.
About Your Speaker
- How to best incentivize employees to perform in ways that result in profitably to the business’s bottom line
- The most important thing you need to do in regards to developing incentive plans
- What you need to know about motivation theory in regards to incentive programs
- Measuring the success of your programs
- What groundwork to lay beforehand so your programs do not fail
- What to do when results from incentives are not as expected
Teri Morning, SPHR, has over 15 years organizational development and teaching experience in a variety of professional fields for both profit and non-profit companies.
In addition to a MBA, Teri also has a Master’s degree in Human
Resource Development with a specialization in Conflict Management, is certified in mediation skills, is qualified as a Myers-Briggs practitioner, and holds the SHRM certification of a Senior Professional in Human Resources (SPHR).PHR / SPHR Credits!
This program has been approved for 1.5 recertification credit hours through the HR Certification Institute.