Should Compensation Be Tied to Performance Reviews?
Compensation can be a touchy subject, especially when businesses need to decide how it’s tied to performance reviews. Our panelists from 15Five, Deloitte, HRSoft, and SimplyMerit will discuss the pros and cons of separating compensation from performance reviews. What makes an effective strategy? What happens when your strategy creates unhappy and disengaged employees?
We will discuss the most important goal of performance management: employee development. Our experts will dive into having clear, frequent, and actionable conversations around performance and compensation. Bring your questions and challenges around this hot topic, and learn resources to take back to your company!
What you’ll learn:
- Why it’s critical to have an effective compensation management strategy
- Pros and cons of separating compensation from performance reviews
- How engagement, retention, and biases are affected when these processes fail
- Resources for having clear, frequent, and actionable performance and compensation conversations