Competitive & Effective Compensation Strategies

By: Kevin Paulsen and Nicole Roach
Kevin PaulsenNicole RoachTo ensure the effectiveness of total compensation in an organization, it is critical base, premiums and incentives are delivered in a way that reinforces the organization’s desired strategy and culture. Specific to base and incentives, it is critical that organizations are competitive while rewarding top performance. This session will identify the most effective techniques to help an organization attract, retain and motivate top employees. The latest data will be provided to confirm competitive amounts and trends in the marketplace. Specific approaches and proven techniques with short-term and long-term incentives will be presented that drive improved individual performance and overall profitability.

Objectives of this presentation include:

  • Present examples of the types of compensation programs increasingly used to maintain internal and external equity
  • Indicate methods that better align individual pay and performance
  • Show methods to focus and reward employees for top performance
  • Provide examples of incentives that encourage and reward for both short and long-term results
  • Provide approaches that maintain market-based compensation programs

About the Speaker:
Kevin is a Principal at Newport Group. His specialty areas include wage and incentive system design; compensation survey development and administration; compensation studies and surveys; organizational planning; performance management design; leadership assessment and development. A consultant since 1987, Kevin has assisted hundreds of companies from smaller businesses to global organizations in the financial services, manufacturing, higher education, not-for-profit, and construction industries. He has authored articles appearing in HR Magazine and WorldatWork while presenting at many HR and trade conferences across the Midwest.

Nicole is a Senior Associate Consultant at Newport Group and brings over ten years of experience in Finance, Management, Higher Education, and Human Resources. She received her Master’s degree in Organizational Management with a Specialization in Human Resource Management from Ashford University. Nicole served on the Board as the Workforce Development & College Relations Committee Chair, and simultaneously served on the Certification committee as a member of Great River Human Resource Association. She is a volunteer with the Employer Support of the Guard and Reserve.

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