Manager decision-making and communication skills can be the determining factor in whether compensation methods motivate or dis-engage employees. Watch this session to find out how to ensure managers’ use of compensation gives employees a sense of control over their careers and financial wellbeing.
The presenters will explore how to guide managers to ensure compensation decisions are fair, accurate and effectively explained to employees. This includes managing risks associated with the trend to give managers freedom to make compensation decisions without any formal performance rating. Research will be shared exploring how compensation methods impact employee stress and the effect this has on workforce productivity and health. Recommendations are made to ensure managers’ use of compensation gives employees a sense of control over their careers and financial wellbeing.
You’ll learn:
- Understand the major reasons why managers make ineffective pay decisions and how to reduce these risks.
- Understand critical issues related to communicating compensation decisions and how this impacts employee engagement and productivity.
- Learn how companies are eliminating traditional performance ratings, yet still retaining an effective pay for performance philosophy.
- Understand the relationship between compensation methods and employee financial wellbeing and how managers can reduce the negative impact of compensation on employee stress.
- Learn ways that technology is enabling companies to maximize the positive impact of compensation on workforce productivity.
Originally recorded on October 10, 2018.
Joshua is a knowledgeable and versatile subject matter expert of Human Resources technology. He has vast experience and expertise with HRIS/HRMS, SaaS adoption support, and product design. A strong business leader with nearly 20 years of experience in multiple disciplines, including: Human Resources Staffing, Compensation, Recruiting, Wage & Hour, Organizational Development, Training, HRIS, Performance Appraisal, Employee Relations, New Hire Paperwork and Orientation, Process Design and Implementation, Benefits Administration, Employee Recognition, and Generalist functions.
Specialties: Compensation, design and administration of base pay programs, communication of compensation information, compliance with legal and regulatory requirements, brand management through effective staffing and recruiting, mediation and arbitration to maintain positive employee relations, legal knowledge of various facets of HR law, project management, & design and maintenance of metrics/analytics/dashboards.Knowledgeable and versatile subject matter expert of Human Resources technology. Vast experience and expertise with HRIS/HRMS, SaaS adoption support, and product design. Strong business leader with nearly 20 years of experience in multiple disciplines, including: Human Resources Staffing, Compensation, Recruiting, Wage & Hour, Organizational Development, Training, HRIS, Performance Appraisal, Employee Relations, New Hire Paperwork and Orientation, Process Design and Implementation, Benefits Administration, Employee Recognition, and Generalist functions. Specialties: Compensation, design and administration of base pay programs, communication of compensation information, compliance with legal and regulatory requirements, brand management through effective staffing and recruiting, mediation and arbitration to maintain positive employee relations, legal knowledge of various facets of HR law, project management, & design and maintenance of metrics/analytics/dashboards.
Steven's career is focused on helping companies design and deploy technology-enabled processes to improve workforce adaptability, experience, and productivity. He believes that meaningful and fulfilling work is critical to human happiness. Creating high-quality work environments positively influences the lives of employees, their families, their managers, their customers, and their broader society. Better work environments create better world environments.
In the 20+ years he has been doing this sort of work, he has had the fortune to play a role in the implementation of systems that have improved productivity and engagement of millions of employees working for hundreds of companies ranging from small start-up organizations to the largest employers in the world. His experiences have also led to authoring hundreds of articles and presentations on topics related to strategic HR and workforce productivity as well as two books on HR process design and implementation: “Commonsense talent management: using strategic human resources to increase company performance” (Wiley Press, 2014) and “Hiring success: the art and science of staffing assessment and employee selection” (Wiley Press, 2007).
