"It is impossible for ideas to
compete in the marketplace if no forum for
their presentation is provided or available"
- Thomas Mann, 1896
THE NEW PAY:
Innovations in Employee Compensation
The Sutton Place Hotel
4500 MacArthur Boulevard
Sponsored by: Baker Thomsen Associates
Many organizations have implemented, or are implementing, revolutionary new compensation packages to attract and retain key staff members in today's tight labor market. We have all heard the stories of campaign donations by Silicon Valley firms desperate to influence the granting of more visas for foreign engineers, and of signing bonuses and stock options for clerical staff, but what are the realities? What are organizations really doing with compensation and benefits packages that define them as "employer of choice" in today's market?
Pay in America is undergoing major shifts in design and focus to give organizations flexibility in today's tight labor market. We are moving from: Pay for job and status to Pay for employee skills and contributions; from fixed base salaries and automatic increases to incentive and variable pay for results. Discretionary bonus systems are being replaced by plans with preset and communicated targets and awards.
The experts described emerging new pay programs, including: * Skills-based pay * Competency-based pay * Team pay * Broadbanding * Incentive Plans * Gainsharing and Managerial bonus plans.
The panelists have contributed the White Papers listed below for those of our members unable to attend the Forum and the sesion was audio recorded.
Comments from our Guests:
"A wonderful concept. Valuable to my job, informative and professional."
Peggy S. Maggio, Director of Human Resources
Continuous Software Corporation
"I learned a lot from Mr. Kenny, as well as from the other companies in attendance. I would be very interested in attending future Business Forums".
Nancy Taufer, Human Resources Administrator
The Geneva Companies
"Very impressed with professional conduct of the meeting, it flowed quickly."
John Cosgrove, Manager Team Construction Services
Turner Construction Company
For a complete list of those in attendance or requesting information on this topic, click here.
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