How much budget do you really need to deliver on a pay for performance strategy? Recent studies indicate that we have finally broken the stagnant 3% annual budget increase and may expect more. So how can you get the most bang for your buck with a pay-for performance program? Our panel will explore practical ways to differentially reward top performers now that budgets seem to finally be on the rise.

Takeaways

• Leverage performance management tools and strategies to assist in differentially rewarding top performers.
• Think more strategically in executing your compensation planning cycle, utilizing lessons learned in other organizations.
• Understand best practices around equity and market adjustments, paying for performance while also addressing pay equity, utilizing company assets like stocks as a vehicle for rewarding performance, and more.