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PERFORMANCE INCENTIVES
Performance
Incentives are a powerful motivational tool for attracting and
retaining top talent, increasing productivity, achieving company goals,
and increasing profits.
Effectively designed and implemented Performance
Incentives encourage and reward employees to achieve company strategic
and operational objectives. Employees are rewarded for superior
performance that helps support organizational success.
THE PROCESS
CoreStrata®
works with leadership to develop creative and effective Performance
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Incentives to help drive your company’s strategy. The various levels
and positions of executive, management, administrative, professional,
staff, plant, field employees, etc., have separate and unique design
elements to effectively motivate and reward.
A key component to effective Performance Incentive
design is the development of performance goals and benchmarks.
Specific, objective and measurable company and individual goals are
created for each position. These goals are aligned with and support the
company’s strategic direction. Performance reviews take place,
minimally, once per year to include feedback and performance coaching.
Feedback and performance coaching are important components for
developing employees and driving attainment of the company’s strategy.
BENEFITS
- Employee Alignment With Company Goals
- Objective Employee Evaluation Process
- Performance Coaching Process
- Goal-Driven Organization
- Improved Teamwork
- Improved Morale
- Rewards Superior Performance
- Attract and Retain Top-Performers
- Increased Productivity
- Increased Profitability
- Unique and Competitive Advantage
- Pay-For-Performance Compensation Strategy
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