Performance-based compensation systems are a practical, bottom line oriented solution to many of the compelling human resource challenges faced by employers. These plans benefit the company as well as the employee by promoting a sense of ownership through both employee and company based performance. As your employees grow more concerned with company performance, revenue and profitability increase, employee turnover decreases, and morale soars.
EBS can provide comprehensive analysis of your current compensation strategies, and develop a new, performance-based solution that addresses your company’s needs. We take a four-step approach to this process:
Step 1: Needs Assessment
Step 2: Plan Design
Step 3: Plan Implementation and Employee Education.
Step 4: Plan Follow-Up and Service