Evaluating Performance-Based Compensation Programs: Tools and Techniques (ICS402)
** Nonprofit and public sector employees are eligible for a 15% discount on tuition for this course.
** If you need an alternative to registering online or are a member of the ILR Alumni Association, please click here for information on registration procedures.
Using compensation strategies that directly link pay and performance lead to greater efficiency in utilizing compensation budgets. But these gains only come if the performance-pay strategy is effective. A thorough evaluation of performance-based pay systems requires the use of multiple lenses: financial, human capital, and market-based perspectives.
This two-day course outlines how to build the appropriate contextual framework for evaluating performance-based compensation systems. The course presents quantitative and non-quantitative tools and techniques for assessing performance pay through a variety of perspectives. Real-world scenarios illustrate how to achieve business objectives and strategic ambitions. Emphasis is placed on customized action plans, rather than “one size fits all” solutions.
While this course can be taken on a stand-alone basis, the Institute for Compensation Studies (ICS) Advanced Certificate in Performance Pay, Metrics and Practice Alignment recognizes the completion of the four courses in the certificate curriculum.
Who Should Attend?
This course is designed for compensation practitioners, analysts, managers and experienced HR professionals and business partners who want to improve their skills and insight across a broad spectrum of pay-for-performance considerations.
Class size is limited to facilitate interaction with faculty, stimulate peer-professional exchange, and create a participatory learning experience.
What is the Course Curriculum?
Designed in collaboration with senior faculty at Cornell University’s ILR School, this course offers the perfect blend of academic study and practical application. The course content includes case studies to illustrate key concepts, and utilizes an evidence-based, social science approach.
Topics addressed in this course include:
- Delineating the types of data and information necessary for thoroughly evaluating a pay for performance system
- Reconciling the financial commitment required for performance-based pay with the organization’s financial resources and payment abilities
- Assessing the efficacy of performance-based pay systems as part of the organization’s overall talent and business strategy
- Measuring the relationship between pay for performance, changes in productivity and the bottom line of the organization
- Examining the frequency, quantity and quality of feedback provided to employees
- Quantifying the overall return to the organization of a performance-based pay system
Note: The information presented in this seminar is for educational purposes and should not be interpreted as legal advice.
How will my organization and I benefit?
Participants will leave the course with the ability to analyze and evaluate the efficacy of performance-based pay systems. Organizations will benefit through improved allocation of financial and human capital resources and an enriched understanding of the effects of pay for performance on the success of their operations.