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Strategic Model for Driving Organizational Performance

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Lesson:

Strategic Model for Driving Organizational Performance

Course: Compensation 101
Module: Strategic Compensation
Lesson Type: Video
Lesson Duration: 1:06

Lesson Content

This model shows how an organization’s business strategy and objectives, people strategy, and total rewards strategy (which includes compensation) work together to drive employee engagement, which in turn drives organizational performance.

It all starts with the organization’s mission, values and culture, business strategy and business objectives. The people strategy flows from the business strategy and objectives and encompasses the total rewards strategy, including compensation. Working together, these strategies drive employee engagement and organizational performance including achievement of operational efficiencies, quality of products and/or services, customer satisfaction, and financial results. The most effective compensation strategies therefore, consider the organization’s mission, values and culture and are completely aligned with the business strategy and objectives and are in the context of the organization’s people strategy.

Instructor:

Pamela Sande

Pamela Sande, CCP, is the Managing Principal of Pamela Sande & Associates, LLC. Pamela has over 25 years of human resources experience in both consulting and corporate roles, including as...

Pamela's Full Bio

Module 1 0/2

Setting The Foundation

Course Introduction

Compensation Defined

Module 2 0/4

Strategic Compensation

Compensation Strategy

Strategic Model for Driving Organizational Performance

Considerations When Developing Compensation Strategy

Compensation Philosophy Statement

Module 3 0/4

Job Analysis & Description

Job Analyses and Job Descriptions Defined

Conducting Job Analyses

Job Descriptions

FLSA Exemptions

Module 4 0/4

Base Pay

Module 5 0/4

Variable Pay

Variable Pay Explained

Types of Variable Pay Programs

Designing Variable Pay Programs

Incentive Plans and Performance Metrics

Module 6 0/3

Conclusion

Putting It All Together

Course Conclusion

Quiz

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