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Products & Services R and AS Conferences 1999 Dec 1999: Performance-Based Compensation

Dec 1999 GBC Presentation: Transitioning to a Pay for Competency System (Transamerica Life Companies)

ID: GBC-P121999TMT


Published: Pre-2013


Delivery Format: PowerPoint


 

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Corporate: Authorizes use for the entire company for a year and copies can be printed. No limitations for usage inside the company.


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919-403-0251

  • STUDY OVERVIEW
  • BENCHMARK CLASS
  • PRESENTER INFO
To further Transamerica Life Companies success in the highly competitive financial services industry, the company launched a new business strategy that required the workforce to gain new competencies, skills and knowledge. Critical to implementation of the strategy were radical changes in core human resource practices and processes including compensation, performance management, career development and training. Transamerica Life Companies decided to leverage competency for pay as a vehicle to communicate and drive forward the new business strategy. This session will focus on: the driving factors behind changing the pay system, the support mechanisms that were essential to implementing the new system (including communications, training and technology), and the lessons learned to date.

Industries Profiled:
Companies Profiled:
Transamerica Life Companies

Michael Wolfe
Vice President, Corporate Human Resources

Transamerica Life Companies