Rewarding what matters, with rewards that matter
Ensure your Incentive plan maximises returns, attracts talent and rewards employee high performance. You need to consider what is right for your organisation and how to motivate your employees with both financial and non-financial rewards. Above all, an Incentive plan must fit with your organisations strategy, philosophy on pay and internal systems as well as its culture and values.
Incentive Pay is ‘at-risk variable pay’ designed to align employee efforts and reward achievement of the desired results and is critical in the current economy of low base pay movements. Ensuring you are linking base pay movements to performance outcomes also ensures you are rewarding what matters.
Strategic Pay can help review your current Incentive plan or help to design and implement one that is right for your organisation. With a robust framework to ensure your Incentive Plan is ‘fit for purpose’ and aligned with your organisations goal and values, Strategic Pay’s approach can help you differentiate your organisation from your competitors.
Incentives Sirius Test
Download our free incentives sirius test. This test is designed to get you thinking more strategically about incentives, check whether your incentives policy is doing what you want it to do and if not, easily highlight areas where it may be falling down.