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Incentive/Reward
Systems
Creative,
customized variable (pay-for-performance) systems
that effect behavior change and accelerate business
performance
Granite
Bay recognizes the importance of unifying the
entire organization around common goals and
encouraging continuous improvement in key
performance indicators. If you're looking for
creative ways to link employee compensation to
improved business performance, we can help.
A
variable incentive/reward system, if properly
designed and executed, is a powerful tool for
encouraging high levels of performance and
organizational teamwork.
Whether
you need guidance to avoid the pitfalls or complete
on-site assistance from planning to implementation
& evaluation, Granite Bay can help
you:
- work
through the four phases of an effective program:
Planning, Design, Implementation and
Evaluation
- determine
which of the hundreds of possible pay plans are
most appropriate for your operation &
objectives
- determine
which performance variables should be
considered
- develop
payout formulas that provide an equitable
sharing of rewards while protecting plant
profitability
- implement
a plan that is supported by the work
force
- evaluate
the plan following implementation and make any
necessary adjustments
- incorporate
an employee participation mechanism to identify
operational improvements, solve problems and
implement performance-enhancing
solutions
- make
goals and performance visible on the plant floor
to maintain day-to-day focus on plant
performance
Timing:
3-4 months
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