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Incentive Plans: Key Design And Communication Steps To Maximize Employee Productivity

Webinar: ID# 1022883
Recorded On-Demand
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About This Course:
HR is charged with designing incentive plans that align with organizational goals and culture. By working with stakeholders, HR can formulate incentives that help further those goals and motivate employees in the “right” direction. When done correctly, by identifying metrics and their associated goals, the right incentives ultimately help drive performance and revenue.

But how do you implement these incentive plans effectively so employees are willing to get on board? Execution is critical and plans must be built to your organization’s specific capabilities. How HR communicates about the incentive plan, why an employee gets rewarded, how they are rewarded, and for what, is key. This presentation explains why planning, execution, and communication are tightly linked and how best to navigate these steps.

Join us for our in-depth webinar with Sam Reeve, executive vice president of Performensation, as he helps attendees create a roadmap for designing incentive plans that both align with your company’s mission and get results.

Learning Objectives
  • How to work with stakeholders to clarify the organization’s goals and develop incentive plans to support those goals
  • Why cash may not always be the biggest motivator, and what other types of incentives employees often prefer
  • What programs and incentives have a long-term positive effect on organizational goals, such as wellness programs, etc.
  • How the way incentives are delivered matters
  • How to communicate about incentive programs so employees understand the value and the goals
  • How to keep lines of communication to employees open to determine which incentives are best received and most effective
  • And much more!
BONUS: Attendees will receive Performensation’s Total Rewards Evolution Matrix—a great resource designed to help get the most from decision-making processes, design projects, management approvals, administration practices and compensation budget!

About Your Presenter

Sam Reeve
Executive Vice President
Performensation

Sam Reeve is a Certified Compensation Professional (CCP) and a Global Remuneration Professional (GRP) with 15 years of experience in Total Reward Strategies. He is an expert consultant in broad-based compensation and focuses his talents on enhancing performance through the effective use of incentive and recognition programs. Prior to joining the firm, Mr. Reeve worked in the corporate compensation functions of notable firms such as BlackRock, McKesson, and Automatic Data Processing (ADP). He currently lives in Colorado and, aside from his professional life, enjoys numerous outdoor activities with his family. He has a degree in finance and economics from California State University, Sacramento.
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Incentive Plans: Key Design And Communication Steps To Maximize Employee Productivity
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