In today’s business world, linking targets with variable, performance-related reward has become a central and widely established leadership tool. Our approach is to work with our clients in order emphasise the link between commercial success and reward management. Through our incentive and bonus design approach we will help you optimize and monitor processes and improve incentive communication and coordination with the executives and scheme particpants of the plans we develop.
The start of the process enables us to understand what ‘success’ looks like in your organisation? Is is simply defined as :
- Greater profit?
- Higher revenue?
- Higher engaged customers and employees?
- Something else?
We then typically develop a few bonus model options to test out what is right in your business, and then, working with you and the business, create the model and targets that meets your needs, and most importantly incentivises and motivates your people to achieve your organisations aims.
Finally we assist you with communication and formal creation of scheme documentation in order to ensure a successful launch of your new plan.
