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Despite the fact that compensation typically represents the largest line item in an organization's budget, it often has little impact on its strategic plan. Why? Because organizations often disconnect compensation planning from key strategic decisions, especially when tying it to where the company is going and how they intend to get there. As a result, senior leadership comes to believe it is absolutely entitled to incentive payouts regardless of its impact on the company's business goals, and the organization's sales force may earn more in commissions than the company’s net income.
This Webinar provides a straightforward, step-by-step strategic compensation framework that backs a company in reaching its goals.
- Write an effective mission statement that determines the organization's strategic direction
- Draft measureable, long-term business goals that allow the organization to operationalize its mission
- Draw up staged action plans that provide key benchmarks to not only meet, but also assess the progress in meeting long-term business goals
- Develop compensation plans that effectively motivate employees to accomplish the company's long-term business goals
CEOs, CFOs, Department Heads, Human Resources
We are taking questions for the speaker before the Webinar.
Email Webinars@Vistage.com now for the Q&A portion of the program.
William J. Liccione, Ph.D., CCP, is the founder and managing partner of Compensation Planning Group, Inc. Dr. Liccione has extensive experience developing and auditing strategically aligned executive compensation, incentive compensation, salary management and performance appraisal plans for clients in both the non-profit and for-profit market sectors.
Prior to founding Compensation Planning Group, Dr. Liccione provided compensation consulting services for more than 20 years for three international compensation and benefits consulting firms. During that time, he managed Palmeray & Consulting Group's and Alexander & Alexander Consulting Group's national compensation consulting practices, and directed the St. Louis compensation consulting practice for William M. Mercer.
Dr. Liccione received a B.A. in English from the University of Rio Grande, an M.A. in sociology from Northern Illinois University, an MBA in accounting and finance from Southern Illinois University-Edwardsville and a Ph.D. in social psychology from the University of Missouri-Columbia.
Dr. Liccione is an Adjunct Associate Professor of Business at Maryville University and at Webster University, both in St. Louis. He speaks to CEOs throughout the United States and Canada on incentive compensation as a speaker for Vistage International and its affiliate, TEC Canada. Dr. Liccione is a member of the St. Louis Compensation and Benefits Network and Human Resource Management Association.
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