Rewards
are a powerful communicator of values, direction
and business priorities. We focus on how best
to link employee performance and reward and translate
this into improved business performance.
To bring about this transformation,
we work with clients as follows:
Rewarding organisational excellence
The major advantage of schemes that reward organisational
performance is the ability to align individual
rewards and the strategic performance of the organisation.
Our expertise includes the design of business
unit based schemes, for example, goalsharing plans,
company-wide profit sharing arrangements and linking
balanced scorecard and reward.
Rewarding team excellence
A key requirement for the effective operation
of any kind of team is learning on the part of
team members. Our expertise includes linking reward
to skills, competency and knowledge development,
as well as key business performance indicators
such as customer satisfaction, innovation, productivity
and quality.
Rewarding individual performance
Individual pay for performance can have an extremely
positive effect on the retention of high performers.
It provides the opportunity to tailor the individual
rewards – financial and non-monetary –
to the preferences and motives of individuals.
We have extensive experience in designing individually-related
performance pay schemes and the performance management
processes necessary to make them a success. This
includes the use of performance ranking, which
differentiates between employees in relative terms,
rather than assesses their performance in relation
to an agreed set of objectives.
Using recognition and celebration
to create a culture of success
There are many types of recognition programmes
in use today. Few are noted for their ability
to convey special recognition, or improve, or
sustain, high performance. Our knowledge of recognition
and celebration in “Employers of Choice”
helps our clients create programmes that are directly
aligned to the organisation’s business strategy. |