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Performance Based Remuneration

Matching employee’s goals to the organisation’s goals

Many of our top clients are realising that making employees stakeholders in the business can be one of the best ways to align employees’ goals with organisational goals.

EMD can help clients implement this strategy by linking part of their employees’ remuneration to clearly defined performance outcomes.

Linking remuneration to performance:

bpur.gif (807 bytes) avoids salary blow-out by establishing a link to capacity to pay perf-based-rem.jpg (8791 bytes)
bpur.gif (807 bytes) reinforces corporate direction by linking pay to strategic or business unit results
bpur.gif (807 bytes) improves cohesion and co-operation by tying remuneration to group or company-wide outcomes
bpur.gif (807 bytes) changes organisational culture to focus on key processes and results
bpur.gif (807 bytes) recognises and rewards high achievers

What types of remuneration do EMD consultants focus on?

Employee Share Options
Generating greater commitment from employees and providing an avenue for raising capital.
Profit Share
Distributing a share of profits among some or all employees (eg employee share options).
Gainsharing
Rewarding groups of employees for productivity gains. Performance targets are usually based on quality, operational efficiency, customer satisfaction or financial results.
Performance Agreements/Bonus Schemes
Rewarding individuals for achieving certain results – from rewards for meeting key performance indicators to additional pay where it is vital to retain key employees.
Personal Financial Planning
Improving the value of take home pay and bonuses by developing a personal financial plan for employees. Financial counsellors can increase buying power through, for example, mortgage and debt restructuring and tax effective investment.
Why do the programs work?
Our consultants demonstrate practical models for effective gainshare, profit share, share schemes and performance agreements. We can also assist by providing software and self-help manuals for on-going support.

What Next?

If you are interested in more information please give us a call on +61 412 026 909 and ask to speak to one of our consultants. 

Alternatively e-mail us at info@emdgroup.com.au or use the form on our Contact Us page.

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