Better Compensation and Performance for Today’s Workforce
Low unemployment and high turnover rates make attracting and engaging employees one of employers’ biggest challenges. Today’s workers are always on the lookout for the next great opportunity, but do your current compensation practices provide what they’re looking for? To remain competitive in the talent wars, organizations must take a new approach to pay. They must construct a modernized compensation philosophy and introduce modern compensation practices that attract, engage, and reward employees for their success. Employers also need better compensation practices.
During this insightful presentation, Tim Silvera, President of Optimum Comp Advantage, will share what’s most important to today’s workforce by revealing updated results from OCA’s Millennial Influence compensation practices study first conducted in 2015 and updated in 2017 and 2019. Join us to discover what professionals with college degrees look for most in an employer, and hear success stories from organizations that have mastered the art of aligning their pay practices with their workforce’s needs and desires. You’ll also discover practical compensation tips, including:
- How to develop a “Pay-for-Success” philosophy and why it’s important
- Strategies for creating compensation practices that deliver a distinct competitive advantage
- How to avoid the Best Practices Trap
- Ways to build a culture of success to attract, engage, and reward employees
- Tips for motivating employees to gain value from career building and delivering better results
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ABOUT THE SPEAKER:
Tim Silvera, President
Optimum Comp Advantage, Inc.
Tim is a total rewards expert with over 30 years of corporate and consulting experience in designing and implementing innovative total rewards practices that engage employees to drive business results and build results-driven cultures.
His expertise includes executive and broad-based compensation, variable pay design, performance management and sales compensation. Tim’s experience spans domestic as well as global compensation in high-tech, life sciences, medical device, real estate, manufacturing, energy, mining, retail, outsourcing, healthcare and many other industries. Learn more about TimHRCI & SHRM CREDITS