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Managing Compensation in Volatile Economic Times
Managing Compensation in Volatile Economic Times
Availability
On-Demand
Cost
TCA Member: $0.00
NATMI Member: $39.99
Non-Member: $79.99
Credit Offered
1 TCA Human Resources Credit
0.25 NATMI Certification Renewal Points Credit
Description
Trucking and logistics companies are (thankfully) considered essential businesses and therefore will not experience the catastrophic losses that many industries will experience as a result of the COVID-19 outbreak. However, that does not mean “business as usual” for these companies by any stretch of the imagination. Many are experiencing losses as their customer plants are shutting down, while others are experiencing record freight volumes. These factors will contribute to volatile payouts for staff who are on highly variable compensation plans. Some could make a whole lot (more than they ever have in the past) and some could make far less.
This course will look at mitigation strategies that companies can use to keep compensation fluctuations within reasonable boundaries as we all weather this unprecedented situation.
Webinar recorded in 2020
Learning Objectives
After completing this course, you will be able to:
Develop a pay plan strategy for roles indirectly impacting revenue flow
Analyze how business metrics align with individual compensation to minimize payout risk
Implement a culture that emphasizes inclusivity and participation
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