Compensation Strategy For HR: Tips for Engaging And Retaining Top Performers
|Date / Time:
The cost to recruit and hire a replacement for an employee can be staggering, and losing top performers can have a tremendous adverse effect on your operations and overall ability to meet business goals.
Maintaining top talent is a complex task, but one surefire way to see top performers walk out your door is to commit cardinal - yet common - compensation mistakes. You simply can't ignore the fact that every organization, at every size, should have an effective compensation strategy in place that is geared toward keeping top talent engaged. Do you?
It's crucial for you to have a framework for developing a compensation strategy built around rewarding stellar performance so you can take a proactive approach to keeping top performers engaged and rewarded in a meaningful way - rather than begging your stars to stay when they're halfway out the door.
Participate in this interactive webinar, and you'll learn:
- How to identify who the top performers within your organization really are
- The key factors to consider when developing a compensation strategy that seeks to not only retain top performers, but also attract new leaders for your organization
- Why it is so important to pay attention to your specific market and particular job types when developing your compensation strategy
- Why setting your merit budget based on general trends may be a mistake, and how to successfully find and use market-based data that is more focused
- Examples of rewards and recognition that grab and hold top performers attention and loyalty
- How to ensure that the goals you set for employees in your incentive plan design are effectively tied to overall business objectives
- How to strike the optimal balance between maintaining pay equity and fairly rewarding stellar performance
- Communication tactics for fostering a culture of transparency so your employees will clearly understand the value they're getting for their contributions
- Whether it's worth it to offer a star employee more money when he is about to jump ship
- And more!
About Your Presenter:
Terry Pasteris is president of TLMP Consulting Group. Prior to founding TLMP, Ms. Pasteris led global compensation functions in several corporations and has consulting experience including Partner and Vice President of the Hay Group. Ms. Pasterisí work covers all areas of rewards at executive, sales, and all employee levels, both domestic and international. She is a CCP and GRP and holds an M.A. and a B.S. from the University of Illinois at Urbana.
In just 90 minutes, you'll learn how to craft a compensation plan that focuses on what you really want: star employees who are happy, engaged, and not looking around for a better offer. Register now for this informative event for HR professionals.
Cannot Attend The Live Presentation?
This presentation is also available in a recorded format, in CD version, as shown in the pricing options below.
|About Webcasts / Audio Conferences / Podcasts:|
Webcasts, audio conferences, and podcasts are presentations that you
attend via the Internet, phone, or mobile device at a specified date and time for "live" versions, or at your convenience for "recorded" and "On-Demand" versions.
versions are interactive, meaning that participants can ask questions in real time, plus are a very cost-effective form of training because 1) you receive fast, convenient learning without
any out-of-office time; 2) you can invite as many colleagues as you'd like to listen in on a single phone line; 3) you incur no travel expenses; and 4) you and your colleagues are back
at work immediately after the session ends!
And though with recorded versions you do lose the ability to ask questions, you gain the ability to hear the presentation numerous
times and to share it with others in your office.
Handout materials and the phone number for live presentations are made available to you prior to the event via email from the
presenter and from the "MyAccount" link on the menu bar. Copies of the presentations are included with recorded versions.
|Licenses / Designations / Educational Credits:||PHR / SPHR Re-Certification Credits|
All US States: 1.5
|About The Provider:
||BLR® is the leader in helping organizations, and their employees, reduce safety, environmental and employment compliance-related legal exposure, stay on the right side of law, and achieve their full potential. We offer best-in-class compliance product and services that includes news, information & analysis, best practice guidance, employee training and turn-key tools delivered in a wide range of formats from online applications, live events and websites to books, CD's, Video, Posters and newsletters geared to all sized organizations and industries.
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|Keywords For This Course:|
Compensation strategy, Compensation, Top performers, Retention, Employee engagement, Market-based compensation surveys, Merit pay, Rewards for top performers, Employee recognition, Terry Pasteris, HR Hero, Webinar, BLR
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