How to Link Pay and Performance Management

FREE EDUCATION WEBINAR SERIES

How to Link Pay and Performance Management


Employee performance management has been undergoing a revolution over the past few years. Highly structured, year-end appraisals are being eliminated. Instead, business leaders are adopting a forward-looking, flexible mentoring and coaching approach. The “new and improved” method is designed to help companies navigate the accelerated pace of change all businesses are experiencing.

So, how is this revolution impacting compensation? What kind of pay strategies are being used with this new performance management approach? How are successful business leaders ensuring their compensation plans offer maximum flexibility without creating a need for constant reinvention?

In this webinar, we will answer all those questions and more. By attending, you will discover how a rewards plan can be both agile and enduring—and why that combination is essential in the hyper-change environment we are living in.

 

Learning Objectives:

  • The 3 business reasons companies are eliminating formal performance appraisals—and how they impact compensation.
  • Why a Total Rewards approach to building an employee value proposition is more important than ever.
  • How to build an adaptable pay strategy without creating compensation chaos.
  • The essential role of a clear pay philosophy in aligning rewards with performance management.
  • How to balance rewards for short versus long-term employee performance and company versus team results.
  • How to create a compensation structure that ensures your pay approach will be both agile and enduring.

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Thomas J. Jordan specializes in the design, implementation, funding and the administration of executive and key employee incentive plans. As part of his exit planning advisory services, he has developed stay bonuses, stock appreciation rights, phantom stock plans, executive deferred compensation plans and performance-based incentives for hundreds of organizations.

Tom has spent over 20 years as a leader in the compensation industry, serving as President and Chairman of the Executive Compensation Institute, a Senior Advisor on Compensation Strategy with M Financial, and as a Strategic Advisor to The VisionLink Advisory Group. He has helped over 400 companies create compensation programs as a critical component in his development of their transfer and succession strategies.

Thomas J. Jordan is the founding President of The Exit Planning Institute of South Texas. He holds a Bachelor of Arts degree on in Economics from Millsaps College and a Masters of Science Degree in Financial Services from the American College of Financial Services. He is also a Certified Exit Planning Advisor.

Connect with the Presenter: VisionLink Advisory Group/MPN Inc.  |  Website: MPNinc.com/Compensation-strategies |
Phone: (210) 872-1055  |  LinkedIn: Connect with Tom