.

 











 

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

.