Paying an incentive bonus based on performance is a very effective way of maintaining a consistently high productivity from employees. There are risks attached because the motivation to earn more can be very strong. However a well-run scheme can yield considerable benefit to both the organisation and the employee.
So where to start:
The early research phase is important, especially if you have no experience to draw on. If you are in thinking about incentives and want to take your thinking to the next stage then we recommend talking it over first with one of our consultants.
Once you have made that evaluation and want to go to the next stage, we can draw up a detailed plan for a new scheme with a full cost/benefit analysis.
Please have a look at our list of white papers and case studies for more detail of how these systems can be applied.
If you would like to talk this over with an experienced consultant, at no obligation then call us on 01527 834689 or email us at info@broadoakpartnership.co.uk
Waypoint is our own workforce management system.
Follow this link through to the Waypoint website for more information
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