Is there a compensation issue as head-spinning as pay for performance? While many companies implement pay for performance, few do it well – and they know it.
This research-backed session explores two interrelated topics. First, we discuss how technology enables companies to address pay-for-performance methods in new ways by incorporating a wider range of performance and reward methods and techniques. Second, we explore psychological research into the relationship between pay for performance and motivation and target issues that underlie the success or failure of different pay-for-performance strategies.
Which rewards methods best drive motivation and behaviors? What is the appropriate level of transparency when it comes to pay and performance systems? This session provides guidance on various options to advance your pay-for-performance model, address the level of transparency and adapt to the needs of employees.
In this session, you'll:
- Understand the new methodologies being used to assess employee performance.
- Review the current landscape of generational differences in today’s workforce, including their rewards preferences.
- Learn how technology has improved performance measurement and rewards disbursement.
- Explore the psychological impact of various rewards mechanisms.
- Receive practice recommendations on addressing rewards needs based on various use cases and scenarios.
Originally recorded on September 18, 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).
