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WorldatWork GR6 Exam Syllabus Topics:

SectionObjectives
Implementation and Communication- Manager training and support
- Employee communication plans
- Program rollout strategies
Evaluation and Program Effectiveness- Program review and continuous improvement
- Performance outcomes analysis
- Measuring program success
Long-Term Rewards and Equity Programs- Equity-based reward plans
- Non-equity long-term incentive plans
- Retention and shareholder alignment objectives
Types of Variable Pay Programs- Recognition plans
- Long-term incentive plans
- Bonus plans
- Short-term incentive plans
- Incentive plans
Variable Pay Plan Design- Distribution methodologies
- Pre-design phase
- Eligibility determination
- Performance measures and metrics
- Funding mechanisms
Business Strategy and Variable Pay Alignment- Business strategies and organizational objectives
- Aligning variable pay programs with business goals
- Variable pay as a performance management tool
Specialized Variable Pay Programs- Recognition and award programs
- Performance-sharing plans
- Profit-sharing plans
- Individual performance-based plans
- Sales incentive plans
Factors Affecting Variable Pay- Legal and regulatory considerations
- External market factors
- Internal organizational factors

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