Best Practices of Compensation: Secrets from a Veteran Consultant
Session
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DATE |
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SPEAKER |
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Wednesday, January 28, 2009
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2:45 PM
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3:45 PM
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Robert McDowall, Pricipal, McDowall Associates Human Resource Consultants
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DESCRIPTION:
The most sensitive part of the anatomy is the wallet—when it is touched, people often suffer a severe emotional reaction. This presentation outlines best practices in compensation used by thriving organizations as well as supposed best practices that have turned out to be disasters. Find out how real companies are handling issues like base pay, incentive pay, pay for performance and bonuses—which work and which don’t.
Learn the pay practices of thriving organizations from a compensation specialist who has worked with more than 500 organizations over the past 35 years.
LEARNING OBJECTIVES:
- Gain insights into which base pay practices work best and which ones to avoid in different types of organizations
- Find out why pay-for-performance programs often fail
- Learn which bonus systems work best
- Hear how to correct a pay program that is not working
- Discuss the best and worst ways to communicate pay
ABOUT THE SPEAKER:
Bob McDowall has been a human resources and compensation consultant for over 35 years. He has led practices in such firms as Stevenson and Kellogg, Coopers and Lybrand and KPMG prior to forming his own firm several years ago.
He is a recognized expert in compensation and has testified before the Ontario Pay Equity Hearing Tribunal in that capacity. Throughout his consulting career he has worked with over 500 different client organizations, witnessing the best and the worst of compensation practices.
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