Pay for Performance | Talent Management

ADP Research Institute®

Pay for Talent: The Next Generation of Talent Management Strategy

The Pay for Performance compensation model, a traditional talent management strategy used by many employers, may be short-sighted in today’s business environment. Despite high unemployment rates, employers face a shortage of candidates with the skills necessary to drive business results. Plus, employee engagement is at its lowest level in years. Given these conditions, you may need to rethink your talent management strategies. This paper discusses how Pay for Talent, a new compensation model that recognizes past performance while tying critical skills, future potential, risk of loss, and emerging corporate needs into the overall reward process, can help you retain key talent and support short- and long-term business goals.

*A complete list of sources and citations can be found in the full report.

About This Report: Written in early 2012, this report is based on a December 2011 webinar which was conducted in partnership with Talent Management Magazine and featured senior members of ADP’s talent management team.

Keywords: HR Management, Talent Management

Business Types: Research for Midsized Organizations, Research for Large Organizations, Research for Large Organizations

Roles: Research for Finance Professionals, Research for Human Resources Professionals

Pay for Talent

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