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Performance Based
Remuneration
Matching employee’s goals to the organisation’s goals
Many of our top clients are realising that making employees
stakeholders in the business can be one of the best ways to align employees’ goals
with organisational goals.
EMD can help clients implement this strategy by linking
part of their employees’ remuneration to clearly defined performance outcomes.
Linking remuneration to performance:
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avoids salary blow-out by establishing a link
to capacity to pay |
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reinforces corporate direction by linking pay
to strategic or business unit results |
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improves cohesion and co-operation by tying
remuneration to group or company-wide outcomes |
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changes organisational culture to focus on key
processes and results |
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recognises and rewards high achievers |
What types of remuneration do EMD
consultants focus on?
Employee Share Options
Generating greater commitment from employees and providing an avenue for raising capital. |
Profit Share
Distributing a share of profits among some or all employees (eg employee share options). |
Gainsharing
Rewarding groups of employees for productivity gains. Performance targets are
usually based on quality, operational efficiency, customer satisfaction or financial
results. |
Performance
Agreements/Bonus Schemes
Rewarding individuals for achieving certain results – from rewards for meeting key
performance indicators to additional pay where it is vital to retain key employees. |
Personal Financial
Planning
Improving the value of take home pay and bonuses by developing a personal financial plan
for employees. Financial counsellors can increase buying power through, for example,
mortgage and debt restructuring and tax effective investment. |
Why do the programs work?
Our consultants demonstrate practical models for effective gainshare, profit share, share
schemes and performance agreements. We can also assist by providing software and self-help
manuals for on-going support. |
What Next?
If you are interested in more information please give us a
call on +61 2 8399 0011 and ask to speak to one of our consultants.
Alternatively e-mail us at info@emdgroup.com.au or use the form on
our Contact Us page. |
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