Pay for Performance – An Essential Tool In a Down Economy
It is survival of the fittest! In a time of economic uncertainty, organizations need to re-evaluate their approach to pay for performance as a part of surviving and thriving. Join us as WorldatWork Keystone Awardees and pay gurus, Jay Schuster and Patricia Zingheim share ways to refocus performance management, base pay and variable pay/incentives to reward performance in a down economy. Plus they reveal top approaches to reallocate scarce pay-budget dollars.
Participants will learn:
Why should organizations more strongly focus on performance-based compensation during a down economy?
How can total rewards elements more strongly reward performance during difficult economic times?
How can organizations reward performance through pay when pay budgets may be reduced during a downturn?
Who will benefit: Compensation and HR Managers
Jay R. Schuster, Ph.D., Partner, Schuster-Zingheim and Associates Inc.
Patricia K. Zingheim, Ph.D., Partner, Schuster-Zingheim and Associates Inc.
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