Signature 2022 Conference
The must-attend conference for HR leaders where insights and practical advice are brought to life.

Signature 2022 Conference
The must-attend conference for HR leaders where insights and practical advice are brought to life.

Evolve Pay for Performance

Shift from a one-size-fits-all to a tailored approach to base pay increases and bonuses.

Onsite Workshop

Without evolving traditional and pay for performance compensation practices, processes are often:

Misaligned with performance management advancements.
Inflexible and not suitable for the VUCA environment of business today.
Disconnected from the workforce and nature of work.

A modernized approach to base pay increases and bonuses will result in:

A compensation program aligned to organizational strategy, structure, and culture.
An approach that supports agile business and achieves desired outcomes.
An approach that mitigates issues found in current pay for performance methodology.

The Purpose

Discuss compensation challenges and complete a current state assessment.
Gauge organizational readiness.

Key Benefits Achieved

Implications and organizational readiness for changes to annual base pay increases and bonuses have been assessed.

Activities:		Outputs:
1.1	Identify and discuss your compensation challenges.	Pain points of the current pay for performance approach are identified.
1.2	Examine performance management practices.	Required links to performance management are determined.
1.3	Evaluate current pay for performance approach.	Effectiveness of the current approach is reviewed.
1.4	Analyze workforce data and trends.	Workforce data is analyzed for possible implications to pay for performance changes.
1.5	Evaluate the cultural landscape.	Required alignment between organizational culture and pay for performance is determined.
1.6	Assess your organizational readiness level.	Organizational readiness for changes to annual base pay increases and bonuses determined

The Purpose

Define objective(s) for annual base pay increases and bonuses, either by employee segment or organization-wide.
Set metrics and design the program approach.

Key Benefits Achieved

Objectives are aligned to organizational strategy, structure, and culture.
Metrics for success are determined and the program approach foundation is outlined.

Activities:		Outputs:
2.1	Determine new objectives for base pay increases and bonus programs.	New objectives for base pay increases and bonus programs.
2.2	Select goals and metrics.	Goals and metrics to measure the success of your base pay increase and bonus approach.
2.3	Design base pay increase and bonus approach.	Building blocks for the new base pay increase and bonus approach are selected.

The Purpose

Conduct a simulated cost exercise.
Identify potential risks with the new approach.
Develop an employee communication strategy.

Key Benefits Achieved

Budgetary implications are understood at a high level.
Risk assessment is conducted.
Communication plan is established.

Activities:		Outputs:
3.1	Conduct a simulated costing exercise to identify any budgetary impacts.	High-level financial impacts of the new approach are calculated.
3.2	Identify potential risks and difficulties in rolling out new approach.	Risks identified and mitigation solutions brainstormed.
3.3	Develop an action and communication plan.	Implementation strategy determined.
3.4	Determine how to prepare managers.	Managers equipped to succeed in their new role.