Developing Compensation Structures and Variable Pay Plans

Session Plan IV Developing Compensation Structures and Variable Pay Plans ·Variable Pays, Types of Variable Pays (STI, MTI, LTI), Trends in Variable Pays, Designing Variable Pays, Steps in Introducing Variable Pays, Rewarding Critical Roles and Hot Skills, Different Types of Variable Pay Programs. ·Defining Performance Parameters, Measuring Performance, Basic Guidelines for Rewarding, Typical Reward Models, Linking Rewards to Performance, Pay for Performance, Integrating Total Rewards with Job, Market and Performance. ·Communication of Reward Programs, Changing Approach to Reward Communications, Steps in Effective Reward Communication, Implementation Guidelines for Reward Programs in Organizations. Regards, Meritt Learning Center Meritt HR Consultants Pvt. Ltd. E-mails: [email protected]; Telephones: +91-7428466822 Website: www.merittconsultants.com