Transcription of Getting It Right—Paying for Performance Through Variable …
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Getting It Right—Paying for Performance Through Variable …
Getting It Right paying for Performance Through Variable Pay Ken Abosch Marilu Malague Your Presenter(s). Ken Abosch, Lincolnshire Office Marilu Malague, Woodlands Office Bottom Line on Top Variable pay has become the primary mechanism to pay for Performance today There are sub-optimal practices that are inhibiting the effectiveness of Variable pay plans Now is the time to Get it Right! Road Map for Today's Discussion Variable Pay's Role in Pay for Performance Today Learning From Our Mistakes Getting it Right: Criteria and Tools Your Questions! Sources of Information Variable Compensation Hewitt Salary Increase Measurement Survey Broad-based plans Created in 1976. Created in 1996 Fortune 1000 companies More than 380 cash 1,156 companies in 2009. Variable pay plans Merit/overall salary 300 companies increases employees Salary structure movement Plan characteristic driven Variable compensation database Special topics Prevalence Effectiveness Variable Pay's Role in Pay for Performance Today Use of Variable Pay Percent of Companies With a Variable Pay Plan 100% 88%.
Getting It Right—Paying for Performance Through Variable Pay Ken Abosch Marilu Malague
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