Learn how to spur your employees to perform at the highest levels, boost organizational profitability and retain talented individuals through well-designed variable pay programs. This course will give you the knowledge and skills to design, implement, and evaluate successful variable pay plans.
Also known as pay-for-performance, variable pay programs incentivize employees to reach specific goals - such as boosting revenue and acquiring new skills. Successfully deploying variable pay is vital for today’s compensation and HR professionals.
What You Will Learn:
- Learn common business strategies and objectives for achieving them.
- See how to align variable pay programs with business strategy.
- Learn the three categories of variable pay: incentive plans, bonus plans, and recognition plans.
- Discover internal and external factors that affect variable pay plans.
- See the steps for designing variable pay compensation strategy, including funding and distributing plan earnings.
- Learn to implement, communicate, and evaluate variable pay compensation and benefits plans.
Additional Information
This course is ideal for the HR professional responsible for designing, assessing, and maintaining variable pay plans.
Based in India? Contact india@worldatwork.org for India-special course pricing.
Policies
View our Return/Cancellation policies and more here.
Members can register for this course at a special rate and gain exclusive access to research, publications and more!
WorldatWork Certification
Successful completion of this course and its accompanying exam can be applied to the Certified Compensation Professional and Global Remuneration Professional certifications.
WorldatWork Recertification
Course and Exam - 2.0 credits
Exam Only - 0.5 credits
CEUs
1.6 credits
HRCI Recertification
16 credits
SHRM Recertification
16 credits
Please consider a different learning method or contact our Customer Experience Team to learn about other classes and schedules. Click here to check our global course schedule for availability. Click here to check our global course schedule for availability.
Phone
877-951-9191 (United States and Canada)
+1 480-951-9191 (other countries)
Monday-Friday: 8:00 a.m. - 7:00 p.m. EST
Email
Email our Customer Experience Team: customerexperience@worldatwork.org