Course description
Pay for Performance
Train HR professionals to align pay for performance with an organization's context and talent strategy, defining objectives for the approach and selecting appropriate methods to determine annual base pay increases and bonuses.
This 1-hour online course is part of McLean & Company's Total Rewards Certificate within our McLean Academy learning platform, and completed courses count toward CPD/PDC hours and credits. McLean Academy is a self-paced eLearning program for HR professionals. The curriculum is built around McLean's HR framework and provides practical, outcome-driven advice on tackling HR initiatives.
After completing the 4 modules in this course learners will be able to:
- Explain why the current approach to pay for performance is not effective and how a new approach is needed to align with today's work environment.
- Describe the three different objectives for a new approach and how to identify which is most appropriate for their organization.
- Discuss various options for annual base pay increases and bonuses, how they align to the three different objectives, and when they are most appropriate for an organization.
Who should attend?
HR Professionals
Training content
Module 1:
Identify Compensation Challenges and Complete a Current-State Assessment
Module 2:
Design a New Approach to Base Pay Increases and Bonuses
Module 3:
Complete a Costing Simulation, Identify Risks, and Develop Your Communication Strategy
Costs
For more information about pricing, please visit the institute website.
Certification / Credits
Learning Outcome
Examine how to align pay for performance with an organization's context and talent strategy, defining objectives for the approach and selecting appropriate methods to determine annual base pay increases and bonuses.
About mcleanco
McLean & Company
McLean & Company is the trusted partner of HR and leadership professionals around the world. Our memberships are designed to provide what you need to drive the organization forward – from full-service assessments to practical action plans, impactful training, and...
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Contact info
McLean & Company
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