0%
Zip, No Pushback
on changes in comp structure
0%
Zip, No Pushback
on changes in comp structure
Client
MeadWestvaco
Industry
Packaging/Manufacturing
Number of Employees
23,000
Challenge
The company’s U.S.-based workforce was facing major changes in compensation structure, with some employees negatively impacted. Leaders would need to carefully communicate the new tiered system, its four principles, and the performance management expectations behind it.
Solution
To be sure employees would understand the changes, managers needed to first understand the principles behind performance-based pay and rewards. Then they could be trained in how to explain it to their direct reports. Adding to the complexity, the company’s leadership council would be playing a key role in approving communications. This would require an integrated, phased approach.
Phase 1: Announce Changes
Phase 2: Roll Out New Performance System
Phase 3: Train for Performance-Based Discussions
Phase 4: Reinforce “Pay for Performance” with Employees