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C12: Variable Pay — Incentives, Recognition and Bonuses

 

Variable Pay — Improving Performance with Variable Pay

Designing for Results

This course presents the fundamentals of variable pay. The course focuses on compensation strategy and variable pay, definitions and the design and implementation of incentive, recognition and bonus plans.

  • Learn about the three categories of variable pay.
  • Identify common business strategies and objectives for achieving them.
  • Examine internal and external factors.
  • Discuss the activities for designing the structure of the plan.
  • Find out aspects to consider in establishing target performance and payouts.
  • Learn about funding and distribution of plan earnings.
  • Discover how to implement, communicate and evaluate the success of your plan.
What You Will Learn  |  Test Your Knowledge  |  More Info  |  Who Should Register   |  How to Register
New! What is Blended Learning?


Learning Options

 

Course Schedules
Jan 17 - Mar 17
Online
Course & Exam
Course Only
Feb 06 - 07
8:30 AM
Pittsburgh, PA
Contact Us
Feb 15 - 16
8:30 AM
Los Angeles (Long Beach), CA
Course & Exam
Course Only
Feb 27 - 29
8:30 AM
(This course is taught in Russian)
Moscow, Russia
Contact Sponsor
Feb 27 - 29
9:00 AM
Singapore, Singapore
Contact Sponsor
Feb 29 - Mar 01
8:30 AM
Waltham, MA
Course & Exam
Course Only
Mar 18 - 21
8:30 AM
Abu Dhabi, United Arab Emirates
Contact Sponsor
Mar 19 - 20
8:30 AM
Atlanta, GA
Course & Exam
Course Only
Mar 26 - 28
8:30 AM
Geneva (Tolochenaz), Switzerland
Course & Exam
Course Only
Mar 28 - 29
8:30 AM
Dallas, TX
Course & Exam
Course Only
Mar 29 - 30
8:30 AM
Toronto (Mississauga), ON
Course & Exam
Course Only
Apr 03 - 04
8:30 AM
New York, NY
Course & Exam
Course Only
Apr 09 - 11
8:30 AM
(This course is taught in Russian)
Almaty, Kazakhstan
Contact Sponsor
Apr 16 - 17
8:30 AM
Charlotte, NC
Course & Exam
Course Only
Apr 25 - 27
8:00 AM
Regina, SK
Course & Exam
Course Only
May 01 - 02
8:30 AM
Chicago, IL
Course & Exam
Course Only
May 11 - 13
9:00 AM
(This course is taught in Mandarin)
Shanghai, Peoples Rep. of China
Contact Sponsor
May 14 - 16
8:30 AM
Sydney, NSW, Australia
Add to Cart
May 14 - 16
9:00 AM
Singapore, Singapore
Contact Sponsor
May 21 - 23
8:30 AM
(This course is taught in Russian)
Moscow, Russia
Contact Sponsor
May 21 - 23
9:00 AM
Melbourne, VC, Australia
Add to Cart
May 21 - 22
8:30 AM
Portland, OR
Course & Exam
Course Only
Jun 06 - 08
8:30 AM
The Hague, Netherlands
Course & Exam
Course Only
Jun 11 - 12
8:30 AM
Saint Petersburg, FL
Add to Cart
Jun 13 - 14
8:30 AM
Philadelphia, PA
Contact Sponsor
Jun 14 - 15
8:30 AM
Seattle (Bellevue), WA
Course & Exam
Course Only
Jul 10 - 12
8:30 AM
London, United Kingdom
Contact Sponsor
Jul 17 - 18
8:30 AM
Los Angeles (Long Beach), CA
Course & Exam
Course Only
Jul 23 - 25
8:30 AM
Causeway Bay (Hong Kong), SAR, Hong Kong
Contact Sponsor
Jul 23 - 24
8:30 AM
New York, NY
Course & Exam
Course Only
Aug 06 - 07
8:30 AM
Columbus, OH
Course & Exam
Course Only
Aug 14 - 15
8:30 AM
Toronto, ON
Course & Exam
Course Only
Aug 16 - 17
8:30 AM
Richmond, VA
Course & Exam
Course Only
Aug 27 - 29
8:30 AM
Capetown (Cape Town), South Africa
Contact Sponsor
Sep 10 - 12
9:00 AM
Singapore, Singapore
Contact Sponsor
Sep 17 - 18
8:30 AM
Orlando (Lake Buena Vista), FL
Contact Sponsor
Sep 19 - 21
8:30 AM
(This course is taught in Spanish)
Madrid, Spain
Contact Sponsor
Sep 19 - 20
8:30 AM
Milwaukee (Pewaukee), WI
Course & Exam
Course Only
Sep 24 - 25
8:30 AM
Houston, TX
Course & Exam
Course Only
Oct 11 - 12
8:30 AM
San Francisco, CA
Course & Exam
Course Only
Oct 23 - 24
8:30 AM
Detroit (Troy), MI
Course & Exam
Course Only
Nov 12 - 13
8:30 AM
Austin, TX
Course & Exam
Course Only
Dec 04 - 05
8:30 AM
Bangalore, India
Course & Exam
Course Only
Anytime
Self-Paced
Purchase Options
 

 

What You Will Learn  

Total Rewards and Variable Pay

  • Elements of compensation
  • Categories of variable pay

Supporting Business Objectives through Variable Pay

  • Business strategy
  • Business strategy drives business objectives
  • Business lifecycle
  • Variable pay helps achieve business objectives

Types of Variable Pay

  • Incentive plans
    • Short-term incentive plans
      • Profit-sharing plans
      • Performance-sharing plans
      • Individual performancebased plans
    • Long-term incentive plans
      • Equity- and nonequitybased plans
  • Bonus plans
    • Referral
    • Hiring (sign-on) bonus
    • Retention (stay) bonus
    • Project completion bonus
  • Recognition plans
    • Spot awards
    • Managerial recognition
    • Nominations
    • Organizationwide recognition

Developing a Variable Pay Plan — Phases 1 and 2

  • Phase 1: Pre-Design
    • Considering internal and external factors
    • Obtaining management support
    • Identifying the design team
  • Phase 2: Design
    • Determining plan objectives and plan type
    • Defining eligibility
    • Selecting performance measures

Developing a Variable Pay Plan — Phase 3

  • Phase 3: Funding and distribution
    • Determining performance targets and payouts
    • Funding the plan
    • Distributing plan earnings
  • Final approval

Implementation and Evaluation

  • Plan implementation
    • Selecting the implementation team
    • Developing the communication plan
    • Introducing the plan
    • Coordinating plan administration
  • Plan evaluation
    • Determining plan effectiveness
    • Why plans fail
    • Potential evaluation outcomes
Who Should Register  
This course is designed for HR professionals responsible for designing, assessing or maintaining variable pay programs.
 
How to Register  
 
More Information  
 Course Credits
CCP: Required
GRP: Required
Recertification: 2 course, .5 Exam
CEUs: 1.5 Course, .3 Exam
CPEs: 16
CFP: 8
CPT: 12 points
PHR/SPHR/GPHR recertification hours: 16 (classroom)
 Course Book Amendments
 Terms and Conditions

Please note: If you are purchasing an exam option, you must schedule and complete the computer-based exam within 120 days from the first day of a live instructor-led class or from date of purchase for all self-paced learning packages. Your eligibility expires after 120 days; however, 30-day exam extensions are available for a $150 USD fee when purchased before the original access expires. It is recommended that you complete your exam in a timely manner as exams may be updated without notification. Instructions for scheduling your computer-based exam will be provided at purchase. Learn more at www.worldatwork.org/cbt. Self-study materials and all e-learning product purchases are nonreturnable.

WorldatWork classroom locations offer e-course materials technology to participants. Your certification course materials (and BAII calculator, if applicable) will be available for pick up on site the day of the course. For two-day courses, you may access the e-course materials PDF two weeks prior to the course start date or upon registration if you register within two weeks of the course.

E-learning course purchasers now have the option of print or e-course materials. Those who choose the e-course materials option will receive the materials electronically for the length of your e-learning program. Those who choose the print version of the course materials will receive it  5-7 days after date of purchase. 30-day extensions of e-learning access are available for a fee if purchased before original access expires.

Blended Learning e-course materials can be found within the product and will be available for the length of the course.

Please visit www.worldatwork.org/seminars to download course material amendments, view class rosters and to find out what to bring to your class.

*Join now and receive the best value. This includes both a one-year WorldatWork Premier membership and course registration. Add the course to your cart and then click "Join Now" before proceeding to check out.

What is Blended Learning?  

Frequently Asked Questions  |  Course Duration Matrix  |  Sample Class Syllabus

Blended  Learning — Take An In-depth Tour

Get the best of both worlds and more! Combining learning and study preferences, Blended Learning leverages independent e-learning and collaborative traditional classroom experiences with access to additional resources.

  • 24/7 access provides greater convenience and flexibility
  • Class discussion board allows access to peers and subject matter expert
  • Study when time allows
  • Integration of group and independent study
  • No “out of office” time needed
  • No travel expense.

Components of Blended Learning

All Blended Learning classes include a class discussion board, other components available within Blended Learning will vary in order to deliver the best learning experience possible. Classes may include access to components such as:

  • Live online session(s) with facilitator and peers
  • Audio files
  • Video files
  • Articles and/or white papers
  • Tools and templates
  • Online quizzes

 

 

 

 

 

 

 
Certification Exam: C12/GR6
Certification Paths
Certified Compensation Professional
Global Remuneration Professional
This is a required exam to obtain a CCP and GRP.
 
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