Name
Unpack the Psychology of Pay to Transform Your People Practices
Date & Time
Tuesday, June 13, 2023, 10:30 AM - 11:15 AM
Track
Compensation
Session Format
EngageLive
Target Attendee Experience Level
Intermediate: Hands-on and Practical Application
Description

Conventional performance-management models are built on “carrot or stick” approaches, such as rewarding star employees via bonuses, profit-sharing and equity. While pay-for-performance has its place, is it the best way to motivate and retain all your workers? In this interactive session, we’ll unpack the psychology of pay to examine the effectiveness of current models and share innovative alternatives. You’ll also learn from the wisdom of the crowd through anonymous live-polling and an engaging facilitated discussion. 

EngageLive is a small group peer-to-peer discussion held in the Connection Zone. You do not need to pre-register, but seating will be limited and available on a first-come, first-serve basis.

Learning Objectives
• Understand how employees perceive the value of their compensation and its connection to their performance
• Learn to balance risk, reward and employee motivation
• Find the model that is the best fit for your organization