How can Compensation and Total Rewards practitioners apply behavioral economic principles in compensation plan design? Through interactive polling, explore key concepts in behavioral economics such as time value of money and how human beings respond to economic incentives. This session will draw comparisons between the participants’ responses to market norms and then share implications on how these observations and economic principles affect compensation design.

Key Takeaways:

• Insights into behavioral economics concepts and principles related to compensation design.
• Practical, day-to-day uses of economic principles and how they apply to compensation program design.