Friday, April 23, 2020 – 2:10 PM
7 Deadly Sins of 7 Bad Compensation Decisions
As Dante guided his readers through the seven levels of Mount Purgatory, RSC will guide the participants through the sins of seven bad compensation decisions. LUST – adding one pay program after another without understanding today’s workforce. GLUTTONY – far too many measurements within the sales incentive plans and losing the performance linkage. Greed. Sloth. Wrath. Envy. Pride. We will explore the faults of seven bad compensation decisions companies have made and then embrace future possibilities of alternative designs.
- Analyze and evaluate compensation programs (direct, incentives, sales, executive) in terms of influencing organizational outcomes and individual behaviors.
- Evaluate and develop compensation programs that enhances the organization’s ability to attract, motivate and reward talent.
- Provide improved leadership guidance and consultation on the effect of today’s workforce dynamics on traditional approaches to total reward designs.
Scott Schreiber is Managing Director of RSC Advisory Group and expert in broad-based compensation programs. Prior to founding RSC, Scott served as a regional compensation practice leader for Watson Wyatt and Mercer. He is a frequent presenter on employee pay and sales compensation issues.