Certification Seminar C12

Variable Pay - Incentives, Recognition, Rewards

Seminar Overview

This intermediate-level course presents the fundamentals of variable pay. The course focuses on compensation strategy and variable pay, definitions and the design and implementation of incentive, recognition and bonus plans.

Intended Audience

Course C12 is intended for mid-level compensation and human resources practitioners who are involved in or seek knowledge in the design, implementation and administration of variable pay systems. Participants will benefit the most if they are proficient in the use of concepts and techniques covered in WorldatWork Courses C2 and C4.

What You Will Learn

Variable Compensation Overview

• Organizational performance
• Business strategy
• Compensation strategy
• Variable pay

Incentive Plan Types

• Incentive plan types
• Short-term incentive plans
  • Profit sharing
  • Performance sharing
  • Individual
• Long-term incentive plans
  • Equity-based
  • Cash-based
• Prevalence of various types of incentive plans

Incentive Plan Design

• Incentive plan design team
• Plan design process
  • Identify plan purpose and objectives
  • Determine eligibility
  • Select performance measures
  • Fund the plan
  • Determine target plan payout
  • Define plan payout criteria
  • Distribution of incentive earnings
• Plan examples

Select Performance Measures

• Performance standards and performance measures
• Identifying performance measures
• Individual performance model and line of sight
• Developing baselines and targets
• Measuring performance
• CARS research

Recognition and Bonus Programs

• Recognition plans
• Recognition plan design
• Bonus plans

Implementation and Evaluation

• Implementation
  • Communication
• Evaluation

PEBA members: $810

ACA members: $860

Nonmembers: $1025

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