Winning Compensation Scorecards: What And How To Measure For Effective Results

Webinar: ID# 1001744
About This Course:
Are you applying accountability and logic to back up your compensation decisions? Without an effective compensation scorecard in place, you run the risk of having to strong-arm your organization into making responsible and equitable choices.

Compensation is probably one of your organization's largest expenditures, and probably one of the hardest to manage. Why? Because there is no “one size fits all” answer. Potential trouble spots include: over or underpaying for positions relative to the market, inflated salaries that aren't in line with the revenue the organization is generating, and the list goes on.

Compensation scorecards are a highly effective tool for improving transparency and holding managers accountable for how they apply financial resources. To ensure that merit increases and incentive compensation align with departmental performance and your organization’s overall compensation strategy, participate in this informative webinar. Our presenter, a skilled compensation consultant, will teach key steps and proven methods for creating a winning compensation scorecard.

Learning Objectives:
  • Why a compensation scorecard is so important for every organization, regardless of its size
  • The three essential steps in creating a winning compensation scorecard
  • How to incorporate base pay and incentive actions into your scorecard for the most meaningful results
  • How to connect the scorecard to other factors such as performance management, promotions, turnover, and hiring to provide rich context
  • How to introduce a scorecard to get buy-in and establish accountability
  • Case studies about what to avoid when introducing a compensation scorecard
  • And much more!
About Your Presenter:

David Wudyka, SPHR, MBA, BSIE, managing principal and founder of Westminster Associates in Wrentham, Massachusetts, manages and oversees all Company operations, including the design, development and implementation of all client HR programs. His specialties include the design of compensation systems, human resource analytics, HR audits of HR operations, employee retention strategies, and group incentive plans. When Mr. Wudyka is not consulting he is an Instructor at UMass Boston in various business topics and courses, an Instructor in the SHRM Certification Program for Human Resource Professionals at Bryant University, and an SAT Test Tutor at Chyten Educational Services in Massachusetts.
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