Remesys can design short, medium or long term incentive plans that ensure employees are motivated to achieve and enable organisations to attract and retain strong performers. Remesys can work with you to develop incentive plans that focus employee efforts on areas that are critical to business success and assist in promoting a pay for performance culture.
More specifically, Remesys consultants can develop variable pay plans that will:
- Improve the current remuneration arrangement of employees by ensuring an appropriate mix of short term and long term reward offerings
- Ensure that an organisation utilises its pay spend effectively
- Assist in creating a culture where sustained high achievement is rewarded
- Ensure best performers are retained through appropriate levels of reward
- Ensure pay practices are competitive in the market (assisting with attraction and retention strategies)
- Align employee performance to the behaviours that an organisation values
- Ensure effort is directed towards areas that will result in organisational objectives being achieved
- Ensure reward mechanisms are established to facilitate sustained performance over the long term
Remesys can work with you to build a web-based solution to easily manage and administer your bonus plan. We can integrate this with R.Review, our salary review tool and/or R.Performance, our performance system.
As with all Remesys solutions, our advice on variable pay programs is flexible and tailored to suit your specific requirements. Please contact us to discuss how Remesys consulting services can work for you.