C12/GR6: Improving Performance with Variable Pay

Learn how to spur your employees to perform at the highest levels, boost organizational profitability and retain talented individuals through well-designed variable pay programs. This course will give you the knowledge and skills to design, implement, and evaluate successful variable pay plans.

Also known as pay-for-performance, variable pay programs incentivize employees to reach specific goals - such as boosting revenue and acquiring new skills. Successfully deploying variable pay is vital for today’s compensation and HR professionals.

What You Will Learn 

• Learn common business strategies and objectives for achieving them.
• See how to align variable pay programs with business strategy.
  
• Learn the three categories of variable pay: incentive plans, bonus plans, and recognition plans.
  
• Discover internal and external factors that affect variable pay plans.
  
• See the steps for designing variable pay compensation strategy, including funding and distributing plan earnings.
• Learn to implement, communicate, and evaluate variable pay compensation and benefits plans.

How to Register

The instructor has been given the 2023- Health and Safety for Onsite Courses.pdf protocols. Please review prior to your arrival.

Course Instructor

Mark A. Szypko, CCP, GRP

Mark A. Szypko, CCP, GRP has over 40 years’ experience as a total rewards and HR technology practitioner, and has held compensation, benefits and HR systems leadership roles for several organizations including Honeywell, Digital Equipment Corporation, Wang Laboratories, Kronos, Comcast, Progress Software, Lightbridge and Magic Leap.

Mark has extensive experience in all aspects of total rewards and HR technology, including the design, development, implementation and ongoing administration of rewards systems and programs including infrastructure and base and variable compensation and benefits globally. Additionally, he has extensive experience in mergers and acquisitions including due diligence, assimilation, and integration.

Mark has spoken globally on matters of importance in the total rewards sphere and has published numerous articles with WorldatWork.

Mark holds a bachelor's degree from Suffolk University and an MBA from Western New England College. Mark is a co-founder and current President of the New England Compensation Consortium. He is also a Certified Compensation Professional (CCP), a Global Remuneration Professional (GRP), a WorldatWork Certification Program faculty member, Editorial Review Board member, and a recipient of the WorldatWork Lifetime Achievement Award.