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“Now is an opportunity for companies to reevaluate their operating model and think creatively about how to align resources to the areas of greatest need,” he said.

Is a variety of media used (video, podcasts, interactive models, etc.)?

This will likely help incentive plan participants model the right behaviors and take the right actions to drive results.

Related Courses This learning experience is part of WorldatWork’s suite of Excel mastery courses, which include: Advanced Excel Skills for Compensation Professionals;Analyzing & Automating Rewards Data with Excel;Creating a Dynamic Incentive Modeling Tool;Designing Powerful HR Dashboards;Dynamic Arrays: Excel Turbo Charged;Excel Skills for Compensation Professionals;Job Titles & Grades: Creating an Interactive Matrix in Excel;Regression Analysis Made Easy with Excel;Working Smarter & Faster with Excel Formulas; Policies View our Return/Cancellation policies and more here .

To get the most out of this course, you will need to have working knowledge of the WorldatWork Total Rewards model, compensation fundamentals of a Total Rewards strategy, labor regulations, base pay systems, variable pay programs and market pricing.

Related Courses This course is the foundation of WorldatWork’s suite of Excel mastery courses, which include: Advanced Excel Skills for Compensation Professionals;Analyzing & Automating Rewards Data with Excel;Creating a Dynamic Incentive Modeling Tool;Designing Powerful HR Dashboards;Dynamic Arrays: Excel Turbo Charged;Excel Power Query;Job Titles & Grades: Creating an Interactive Matrix in Excel;Regression Analysis Made Easy with Excel;Working Smarter & Faster with Excel Formulas; Policies View our Return/Cancellation policies and more here .

No matter what a company’s business model or what their technology is, workers have rights.”

As the focus has increasingly turned to pay for performance , many companies have enhanced the goal-setting process and incorporated additional analytics and data, including peer and industry performance history, forecasts and models of shareholder expectations.

As the economy continuously transitions from a manufacturing- or production-driven model to one that is driven by knowledge, turnover becomes more costly, Garlick said.

Instead, employers are redirecting spending toward more scalable, defensible strategies, Scott-Wears said, such as compensation technology, pay equity analytics and better modeling tools.