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    July Monthly Meeting: Building Appreciation for Incentive Plans presented by Lane Transou

    Date: July 13, 2017, 11:30am
    Bay Oaks Country Club
    $30 - Members, $40 - Non-Members, $20 - Students with Lunch Included, Free for Students without lunch (Speaker only)
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    Eventbrite - June Monthly Meeting: Preparing Managers for Competency-Based Interviews presented by Robin Kessler

    Both short-term and long-term incentive plans require proper time to build and costs for these plans can be exhorbitant. Employees, however do not always understand the objective of the plan or appreciate the level of awards/costs being offered. During this session we will discuss the fundamentals of incentive plans, how they align with the company strategy, and the pitfalls in how a well designed incentive plan can ultimately fail. A well-designed incentive plan includes a detailed communication strategy, as well as a sound administrative process; these features will be reviewed and strategies focusing on these important potentials shared during this presentation.

    1. Understand the pitfalls in developing an effective strategy for designing and communicating incentive plans

    2. Identify ways to link incentive plans to the correct business performance criteria

    3. Understand how proper communication and administration of these plans is key to the success of an organization and should be a value add to the employees

    Lane Transou

    Lane Transou is a global human resource professional specializing in Total Rewards with experience in a variety of industries including oil and gas, manufacturing, non-profits, and finance. Her business objectives are to help organizations align their total reward philosophy and supporting programs with the business strategy.