Key Objectives
- A coherent framework of variable remuneration (bonuses) links in a clear and consistent way the rewards and incentives of each executive / employee with the value generated and the profitability of the company
- An effective bonus framework to ensure that the variable pay, and incentives of the company’s executives and employees are linked to the achievement of the company’s objectives, rewarding their outperformance
Our Approach
- Analysis of the group’s requirements and agree the building blocks of the bonus framework
- Examination in detail the skills, targeting and assessment processes and systems in place to ensure that the bonus framework is compatible
- Design the bonus system in detail and configure it to meet the needs
- Document the bonus system and support its communication and implementation
- Delivery of a customizable toolkit
Impact for our Client
- Comprehensive analysis of the group’s data
- Multiple propositions with weighted elements
- Generation of a customized toolkit which can be used to fit each year’s parameters and have as a starting point a bonus budget – agreed with the management team
Weighted elements & allocation
Toolkit
Scenarios
