Developing Bonus and Short Term Incentive Scheme Framework

 

Select Compensation Benchmarking Data

Assist client organization to select appropriate benchmark data to do comparison of Compensation information with similar companies in the   chosen industry.

 

Develop Compensation Strategy

Develop overall Compensation Strategy for short and medium term for the client organisation based on their affordability and business strategies.

 

Design Bonus/Incentive Scheme Framework

Based on established Compensation Positioning identified in Compensation Strategy, the Bonus Scheme is developed by establishing funding mechanism, criteria for payout and payout mechanism.

 

Link Framework to Performance Management

Based on Bonus/Incentive Scheme framework established, linking individual compensation schemes to corporate and individual employee KPIs and performance achievement for the client organization.

See Performance Management Services