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Pay-for-Performance
Linking pay to performance is becoming a norm in the workplace.
Companies world-wide are increasingly turning to performance-based compensation. The incentive awards once reserved for upper management are spreading to lower ranks.
The majority of successful organizations realized that the most important connection that drives an organization forward is the connection that links individual performance to the performance and ultimate success of the organization.
This service is designed to assist companies in developing Pay-for-Performance programs based on objective operational performance measures that will help management to improve the performance of every employee and to build a teamwork environment.
Our Pay-for-Performance is not just another incentive compensation plan….it is a management philosophy that will improve the way your business performs.
Pay-for-Performance is designed as a self-funding incentive compensation program that takes into consideration company specific management objectives, such as profitability, productivity, quality, customer service, return on investment, employee morale, teamwork, knowledge, learning, maintenance, cash flow, growth, sales, absenteeism, safety, housekeeping, rework, scrap, etc. We develop these programs based on operational activities and directly tie them with financial results.
BDG has extensive experience in developing and implementing Pay-for-Performance programs.
We have implemented these programs for various categories of employees including direct labor, indirect labor, supervisors, middle management, customer service, maintenance, purchasing, materials management, warehousing, distribution, sales, engineering, administration, and accounting.
We have assisted numerous companies -- of various sizes and capabilities, and in a variety of industries -- to achieve significant operational improvements through implementation of Pay-for-Performance programs. We also helped our clients to improve their existing employee incentive programs.
The way you pay people says a lot about what you expect in an organization.
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