For many companies, the costs associated with compensating employees for their work can be significant. To make the most of these expenditures, organizations often look for ways to reward employees in accordance with their contributions and results. This unit will introduce you to the principles for linking pay and performance.
At the end of this unit, you will be able to:
Describe why linking pay and performance is important
Explain the process for developing salary ranges
Identify the key considerations when determining pay increases
Describe the key design features of different types of variable pay plans
Describe ways of recognizing employees
Author Overview
Claudine Kapel is a principal of Kapel and Associates Inc., a human resources and communications consulting firm based in Toronto. She offers a variety of services for small to mid-sized businesses, including human resources development, corporate communications and leadership coaching.
Claudine partners with clients to enhance organizational performance through the development of strategies and programs that strengthen the connections between the business, its people and its customers. Her work includes design of compensation, performance management and career development systems.
Claudine also specializes in corporate communications. She works with clients to create open and powerful dialogue with employees and customers through communication audits and the development of communication tools and training. Through her work, Claudine also helps organizations to make the most of web technology to support internal and external communications.
Claudine has 20 years of human resources and communications experience. She is a frequent writer and speaker on HR and talent management issues and is a member of the Human Resources Professionals Association of Ontario.
For more information, please visit www.kapelandassociates.com or call (416) 422-1636.
