Name
The Great Debate on Merit-based Compensation Effectiveness
Session Format
Debate
Key Topic Area
Compensation
Target Attendee Experience Level
Intermediate: Hands-on and Practical Application
Description

Join this captivating conversation on merit-based compensation and its impact on work. Explore the pros and cons, discover its effect on employee motivation and performance, address fairness concerns, and learn best practices for designing and implementing merit systems. Our panel will challenge your assumptions and position you to unlock the potential of merit-based compensation for your organization.

Takeaways

  • Evaluate the effectiveness of merit-based compensation, including the advantages and disadvantages and potential impact on employee motivation, performance, and organizational success.
  • Understand and address fairness and equity concerns with a merit-based model to create a compensation system less likely to have inherit bias.
  • Address the challenges of limited compensation budgets and historic high market compensation increases.