Cash compensation represents more than 50% of total costs for many companies. Yet pay costs are often managed inefficiently, and pay practices are not used as a lever to help leaders deliver on critical components of their business plan.
Join ERC and our speaker, Michael Freire, Senior Partner, BD Advisory, for Case Studies in Using Compensation Design to Deliver on Your Business Plan. We'll discuss updating your pay practices and investing differently to incent employee behaviors that drive positive business outcomes.
In this interactive program, we’ll discuss:
- Effective/proven ways companies are now using compensation strategically as a lever to drive and reward desired performance and retain top talent
- Examples of companies that thought they had their pay costs under control when in fact they were not
- Cases where a company was relying on “gut-feel” to make people investment choices rather than taking an evidence-based look at their actual practices or using facts to drive decision-making
- How companies addressed this by redesigning parts or all of their compensation system
This session is designed for business owners, presidents, and other senior executives.