Compensation Design Tips to Attract and Motivate Employees Presented By: This manual was created for online viewing. State specific information in this manual is used for illustration and is an example only. MAIL: P.O. Box 509 Eau Claire, WI 54702-0509 • TELEPHONE: 866-352-9539 • FAX: 715-833-3953 EMAIL: [email protected] • WEBSITE: www.lorman.com • SEMINAR ID: 400369 Sam Reeve, CCP, GRP Performensation
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Compensation Design Tips to Attract and
Motivate Employees
Presented By:
This manual was created for online viewing. State specific information in this manual is used for illustration and is an example only.
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Sam Reeve is a global certified compensation consultant (CCP, GRP) with 15 years of experience in Total Reward Strategies. He is an expert in broad‐based compensation and focuses his talents on enhancing performance through the effective use of incentive and recognition programs.
Prior to joining the firm, Sam has worked in the corporate compensation functions of notable firms such as BlackRock, McKesson and Automatic Data Processing (ADP).
Sam currently lives in Colorado and aside from his professional life, enjoys numerous outdoor activities with his 4 children and wife, Jessica.
Sam has a degree in Finance and Economics from California State University, Sacramento.
• Awards may increase or decrease with performance and budget
When business results are good, the variable awards can be significant and when business is bad the awards can be smaller therefore reducing costs and improving the bottom line.
• Employees are motivated to re‐earn variable pay each cycle
• Performance must be measured and the plan administered
Many companies have a hard time doing this correctly and efficiently
• The variable pay plan will need to change over time with the business
Interview key stakeholders in your business to provide a detailed evaluation of factors that impact your company's ability to attract, retain and reward talent.
Total Reward Radar Analysis
Provide and assessment of the Current State versus the Ideal State.
The analysis shows the potential of the company’s current talent programs.
Interview key stakeholders in your business to provide a detailed evaluation of factors that impact your company's ability to attract, retain and reward talent.
Total Reward Radar Analysis
Provide and assessment of the Current State versus the Ideal State.
The analysis shows the potential of the company’s current talent programs.
Performensation’s team of experts are ready to leverage our extensive knowledge to tailor solutions for your organization’s unique culture and strategy. We focus on designing integrated programs that are unique, effective and cost‐controlled. Well‐designed programs are the most effective drivers of communication between a company, employees, and shareholders.
Performensation is a proven leader in compensation design. We understand that a program will not work if it is cost prohibitive, or cannot be easily communicated or executed. The strength of our work is in understanding your goals and culture and our application of practical yet innovative solutions.
CONTACT US TODAY AND BECOME MORE SUCCESSFUL TOMORROWToll free 877‐803‐9255 | Direct 415‐625‐3406
Performensation was founded in 2006 in response to the demand for more strategic and effective compensation programs.
Each of our projects incorporates four key elements. Each component must be carefully crafted to your unique goals and culture.
Vision: We understand where you are headed and have the skills to get you there. We are respected throughout the industry for our forward‐thinking perspective and our ability to execute on it.
Foundation: Long‐term solutions are based on evidence, not built on gimmicks or fads. They meet your current needs and allow for adjustments to organizational and market conditions. Your program’s foundation must reflect your company and the goals it is designed to support.
Design: A great program combines creativity with practicality. We utilize our broad and deep understanding of rules, regulations, processes and providers to ensure your program delivers high‐performance results. Our designs are easy to understand, compliant and effective.
Communication: Participants only value what they understand. Communication must be built in to every step of the process. We ensure that all program elements are relevant and make sense to your targeted audience.