Developing Performance-Based Pay Programs and Engaging Employees
Variable Pay Plans
In today’s dynamic business environment, more organizations are shifting toward variable pay plans that reward performance achievement. These plans typically include annual bonuses, profit sharing, sales commissions and operations incentives. For senior executives, they often extend to long-term incentive plans, retention schemes and employee stock options.
At Rewards Fusion, we help you design tailored incentive and retention schemes that are specifically aligned with your business goals. The right variable pay structure improves employee engagement, drives the desired behaviors and strengthens retention of key talent.
We can support you with:
Rewards & Recognition Policy
Service award
Safety award
Spot award
Performer award / Employee of the Month
Productivity award
A thoughtfully designed rewards and recognition program strengthens engagement, reinforces desired behaviors and becomes a powerful part of your total rewards strategy.
Related services Executive pay rarely sits on its own.
Performance Management
Objective setting and evaluation mechanisms — the measurement a bonus or incentive payout has to stand on.
Explore this serviceExecutive Compensation
Long term incentives, retention schemes and the wider pay mix for senior executives.
Explore this service
Sales Compensation
Target based and case based commission schemes for your sales force in depth.
Explore this service
Designing an incentive or retention scheme?
Thirty minutes is usually enough to tell whether the issue is pay mix, the structure underneath it, or the performance measures attached to it.
