Course description
In today’s competitive market, the ability of a professional service firm to recruit and retain key people who can perform at a high level is critical.
Aimed at people managers and HR, this webinar will assist you in understanding how to develop reward strategies designed to build your firm’s performance and competitive edge over rivals.
Join presenter Peter Scott as he helps you understand what competitive rewards can mean to different people, evaluates whether a particular reward system will advance the business’ goals, and compares performance-based reward against seniority-based lockstep, plus much more.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
In today’s competitive market, the ability of a professional service firm to recruit and retain key people who can perform at high level is critical.
Aimed at people managers and HR, this webinar will assist you in understanding how to develop reward strategies designed to build your firm’s performance and competitive edge over rivals.
What You Will Learn
This webinar will cover the following:
- Understanding how competitive rewards are strategic and what they can mean to different people
- What are you trying to achieve? Evaluating whether a particular reward system will advance the business’ goals
- Choosing performance-based reward or seniority-based lockstep
- Which is best?
- What does a performance-based reward system look like?
- How to make the transition to performance-based reward
- Developing sufficiently broad criteria to cover a range of contributions
- How to fairly and objectively measure peoples’ contribution
- Measuring office/group contribution to create separate and additional ‘reward pots’ to reward partners/offices/groups
- Managing the processes involved to ensure a reward system is seen as fair and rewards the right people
Expenses
MBL Seminars Limited
MBL is a leading learning and development provider for professional service firms. Over the past 18 years, more than 198,000 people across 23,000 different organisations spanning 81 countries, have chosen us to deliver their training. With over 800 expert speakers...