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Pay-for-Performance Systems
FlashPoint can help you fully integrate your compensation or pay system into your performance system so that all rewards are linked to performance outcomes. Our point of view is that a successful pay-for-performance system is only as strong as the underlying performance assessment or review process.
To get started, we work with you to evaluate and/or establish a performance system that garners the confidence of managers and employees. Depending on the maturity of your performance system, you may need to give it some time to fully develop. In addition to building the performance management process, we can also help you implement ongoing training and coaching around performance feedback and delivery of performance reviews in an effort to increase the effectiveness of your current system and to normalize the performance score distribution over time. From there, we can execute on a true pay-for-performance culture that drives the outcomes you want to see by linking your base pay and variable pay programs to these performance outcomes. |