How To Design A Successful Variable Pay Program: A Step-By-Step Approach

John A. Rubino John A. Rubino

Human resources expert John A. Rubino will share a pragmatic and proven eight-step approach for successfully designing, implementing, and communicating a variable pay program in your organization.

What You'll Learn

  • Why are many organizations moving to variable pay programs?
  • How can you align goal accomplishments with rewards?
  • What eight steps can you take to design and implement variable pay?
  • What guiding principles should you follow?
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INFORMATION
Training Overview

Manage inflation and drive performance with variable pay. Learn how to implement an effective program.

Employees are demanding raises to address inflation. This situation provides a perfect opportunity to implement a variable compensation program instead of increasing base pay. This strategy will enable your organization to contain fixed salary expenses and drive accomplishments while meeting higher total income targets that will allow you to recruit and retain top talent.

Converting pay from base salaries into variable cash rewards requires a systematic, step-by-step approach that addresses the issues and challenges inherent in variable pay design and implementation. From assessing organizational culture to determining specific lump-sum payments, carefully planning your variable pay program can lead to strong performance and team satisfaction.

  • Why are many organizations moving to variable pay programs?
  • How can you align goal accomplishments with rewards?
  • What eight steps can you take to design and implement variable pay?
  • What guiding principles should you follow?
Recommended Audience
Who Should Attend?
  • Human resources professionals
  • Business owners
  • Finance professionals
  • Operations managers
  • Employee relations staff
  • Division supervisors
  • Supervisors
  • Chief executives
  • Executive directors
  • Board members
  • Senior management
  • Managers
  • Development staff
  • Hiring staff
APPROVAL AND VALIDITY
Credits
  • This program has been approved for 1.0 general recertification credit hours toward PHR, SPHR, and GPHR recertification through the HR Certification Institute.
  • This program is valid for 1.0 PDCs for the SHRM-CP or SHRM-SCP.
What's included
Training includes
  • 1.0 HRCI, 1.0 SHRM
  • Certificate of Attendance
  • All resources and training materials
John A. Rubino
About

Expert Presenter

John A. Rubino
  • President and founder of Rubino Consulting Services (RCS), a global human resources consulting company based in New York
  • Focuses on the design and implementation of corporate values/objectives and their linkage to human resources strategies, compensation analysis and program development, performance-driven incentive plans, sales compensation programs, performance management systems, management training programs, team dynamics, leadership skills, motivational training, and human resources communication programs
  • Previously senior manager of human resources consulting services for Ernst & Young LLP and director of executive compensation for The Equitable Life Insurance Company
  • Internationally acclaimed speaker, course developer, and seminar leader for WorldatWork and the American Management Association
  • Author of Developing Compensation Programs: Job Analysis, Evaluation and Classification and Communicating Compensation Programs: An Approach to Providing Information to Employees
  • Certified Compensation Professional (CCP), Certified Benefits Professional (CBP), and Global Remuneration Professional (GRP), Senior Practitioner in Human Resources (SPHR), and a Master Reward Specialist (South Africa)
  • BA from Wagner College
  • MBA from the Lubin Graduate School of Business, Pace University
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