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Ten Mistakes to Avoid When Designing Incentive Pay Programs


Product Code - HRAU01
Speaker(s): Jason Adwin, Vice President and Consultant with Sibson Consulting, and Emma Browning, Consultant with Sibson Consulting
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Over the past two decades, nearly all employees, from executives and salespeople, to the broader population, have seen their pay-at-risk opportunities increase. There is good reason for this trend; incentive plans, well designed and implemented, are compelling management tools. Specifically, a model incentive plan design is attractive because it clearly identifies organizational priorities, serves as a talent attraction and retention tool, manages fixed payroll expenses, and shares success appropriately with those responsible for results.

However, many organizations simply do not design or execute their incentive plans well. Too often variable compensation opportunities morph into deferred salary, or at the other end of the spectrum, discourage employees with unrealistic or unclear expectations.

This session will diagnose the most common pitfalls in incentive design and implementation and present a practical path forward to improve effectiveness and help organizations earn a better return on their incentive pay investments. Using real company designs and examples, the speakers will show how to mitigate plan risks and the impact it can have on organizations. The ideas and frameworks covered in this presentation are transferrable across all company sizes and ownership structures, employee populations, and industries. Join Jason Adwin, Vice President and Consultant with Sibson Consulting, and Emma Browning, Consultant with Sibson Consulting, as they cover effective plan management techniques for:
•Selecting performance metrics and weightings
•Determining incentive opportunities and upside
•Rewarding the best and brightest employees
•Managing plan complexity
•Ensuring effective plan implementation


Register quickly and easily online to secure your space now. Or, please call 1-800-372-1033 option 6, then sub-menu option 1, and refer to date and title of conference. Lines are open Monday through Friday from 8:00 a.m. to 8:00 p.m. ET, excluding most federal holidays.

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Affordability. Bloomberg BNA Webinars are inexpensive compared to the cost of travel to attend a conference. Plus, you may use a speakerphone and invite as many of your colleagues as you want to listen in-all for the price of a single registration.
Convenience. No airlines. No travel. No time out of the office.

In addition, you'll receive:
Personal attention. Once you've registered, send your questions in advance to sharper@bna.com and they'll be included in the program. You'll also have a chance to ask your questions during the Webinar.
Follow-up materials. You need no materials upfront to follow along to our live conference. But Bloomberg BNA always issues a follow up e-mail with contact information for our speakers, as well as other materials related to the topic.
1.5 HRCI credits by attending this Webinar. Find out how.
HRCI

Jason Adwin, Vice President and Consultant with Sibson Consulting, and Emma Browning, Consultant with Sibson Consulting

jasonadwin
Jason Adwin works with executives and business leaders to develop human capital strategies and solutions to further organizational success and maximize returns on investments in people. His skills include program analysis and diagnostics, competitive assessment, financial modeling, and communications. He has deep expertise in compensation strategy, performance management, and governance designing programs targeted to all levels and functions across the organization. Mr. Adwin is also well versed in e-HR and the ability to use technology to create, deploy and communicate human capital solutions. He serves a diverse cross-section of clients spanning such industries as professional services, high technology, hospitality and entertainment, higher education, financial services, and manufacturing.

ebrowning
Emma Browning is a strategic human resources consultant at Sibson Consulting with expertise in total rewards, compensation, sales force effectiveness, incentive design, performance management, employee engagement, and strategic planning.