(eCornell) Assessing the Financial, Strategic, and People-Related Return on Pay for Performance
About This Course
Dr. Thomas and Dr. Barrington examine how incentive pay benefits an organization with an emphasis on assessing the value of the performance pay plan. They examine the value including not only the profit margin but also the many other factors such as increased productivity, lower turnover, and improved morale. As you assess the financial return of pay-for-performance systems during this course, you will also see the customer experience, business image and reputation, sales, and other outcomes creating more value. After completing this course you will be positioned to evaluate pay-for-performance practices as they relate to financial performance, strategic alignment, and talent management. The course is provided by eCornell in partnership with Genashtim.
What You'll Learn
Evaluate the strategic alignment of the pay-for-performance system with the organization's short-term and long-term goals.
Assess the improvements in attraction, retention, productivity, engagement and motivation associated with pay-for-performance systems.