Pay for Performance Project support overview Presenter's Name

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Presentation transcript:

Pay for Performance Project support overview Presenter's Name UPDATED 30 AUGUST 2018 Project support overview

We’ll help you to tackle your critical challenges Sample projects Typical questions your peers seek to answer Establish rewards differentiation strategy How much should I differentiate between high performers and core performers? How do I maximize ROI on STIs? Define performance criteria How do I ensure employee evaluations reflect business impact? How do my peers structure their performance processes? Assess employee performance What criteria should we use to identify top performers? How can I best equip my managers to consistently evaluate performance? Train business partners to support the line How do I best equip my team to support managers and employees? What barriers and challenges should my business partners be ready to address? Equip managers for pay conversations How do we ensure that managers can have effective pay conversations? How centralized/decentralized should pay decisions be with managers and senior leaders?

Tailored expertise and resources deliver impact in the areas crucial to your success Benchmark Your Rewards Strategy Upgrade Your Compensation Plan Design Stay Ahead of the Latest Trends See how Cigna achieved significant differentiation for top contributors by reviewing Cigna Corporation: Pay for Contribution Approach. Review how Pfizer structures pay discussions around employee personal narratives in Pfizer: Narrative- Based Compensation Conversations. Align your performance management and rewards by reviewing our case profile on BP Lower 48: Contribution-Focused Approach to Performance and Rewards. Evaluate your strategy to identify top talent by reviewing our case profile on Cisco and Deloitte: Question-Based Contribution Assessment. Compare key compensation and talent metrics with peers by accessing our comprehensive Unified Benchmarking Platform. Receive feedback from Executive Advisors™ on how to improve your pay for performance strategy Improve your rewards strategy using our suite of step-by-step CEB Ignition™ Guides for: Preparing Managers for Pay Conversations Developing a Total Rewards Strategy Planning Total Rewards Integration During M&A Increase base pay differential without additional enhancement by using our Cost-Neutral Base Pay Differentiation Calculator tool. Enhance your organization’s ability to assess, reward, and communicate employee performance with our Pay for Performance Playbook. Assess the effectiveness of your current incentive plan design using our Incentive Plan Diagnostic tool. Receive project support and targeted recommendations from Executive Advisors™ as you reevaluate your pay for performance model. See how progressive companies are reimagining pay for performance in Rewards in the Era of Performance Management Transformation. Maximize employee performance while staying within budget through our research on Optimizing the Design of Incentive Plans. Discover the impact of removing ratings on talent outcomes with our research on The Real Impact of Eliminating Performance Ratings. Learn how to increase the impact of pay transparency through more focused communication by watching our webinar replay on Talking Pay. Understand how to improve employee perception of benefits relevance with our research on Making Benefits Communication Relevant. Network with peers and learn from Executive Advisors™ about our latest research by attending an in-person Executive Briefing.

Sample 90-day engagement plan Month 1 Month 2 Month 3 Written research Understand how to optimize your pay for performance strategy using our latest research, Rewards in the Era of Performance Management Transformation. Optimize levels of pay differentiation using our Cost-Neutral Differentiation Calculators Adjust your pay strategies using our step-by- step Pay for Performance Playbook Evaluate your managers’ effectiveness and prioritize development needs (at the individual level and program level) using this Ignition Guide. Follow transformation lessons learned from case studies by Cigna, Pfizer, and BP Lower 48 Service associate support Kick-off this initiative with your service associate to discuss your challenges and align key resources Review progress with your service associate and create a forward engagement plan. Review progress to ensure continued delivery of the right resources at the right time. Expert inquiries Discussion: Which best practice approaches are best for my organization? Discussion: How do we optimize our incentives while differentiating for performance? Discussion: How do we prepare frontline managers to deliver pay decisions? Live events Annual Executive Retreat: Building a Strategic Total Rewards Operating Model & Addressing Pay Equity

Deliver on your critical HR priorities We’re ready to help you excel against your critical HR challenges. Get in touch to discuss how we can fast-track your success. connect@gartner.com