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Performance Based PayWe at Fox Lawson & Associates can help create a payment program for your company that will not only secure employee loyalty, but can also enhance performance. The challenge in such a program lies in the notion of locking personal performance and achievement into the overall goals of your organization. By doing so, your employees understand that their personal success is thoroughly connected to the success of the whole association. The areas of performance cover several key components, including productivity, quality, and profit. In a top-down system, an employee's value is pre-determined by factors such as key position or seniority, while performance pay links an employee's value directly to performance. Therefore, a consistent reward is paid according to how an employee helps the overall organization reach or sustain system-wide goals. In order to accurately measure performance and fairly distribute payment or rewards, Fox Lawson & Associates creates maps that gauge accountability. From our market surveys, we can show how accountability motivates employees to improve their work and challenges team members to work more consistently towards reaching organizational goals. At the same time, with positive feedback and open communication, accountability can provide a real sense of loyalty, as well as ownership of the end product or result. We at Fox Lawson & Associates have a proven track record in the business of compensation consultations. Our firm is unique in that we can offer solutions in the form of sideline assistance, integrating new ideas into old forms, or helping you discover an entirely new vision for your organization. Our experienced staff ensures personalized case-by-case treatment, and direct communication to our most senior personnel is always open to you. For more information, please contact us at jfox@foxlawson.com. |
Performance Based Pay |
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