Pay for Performance

The concept of paying employees based on their productivity has long been the subject of debate, and has generated an enormous amount of discussion and research over the years. At CompAnalysis, we believe well-designed, effectively-managed compensation plans of this type can be one of many powerful motivators for positive behavior changes, and can generate significant results.

Some of the benefits we have helped clients to achieve through plans that link pay to performance are:

• Increased Productivity and Efficiency in work processes and results on the individual, team, and company-wide level
• Better Understanding of Goals and the measures needed to meet them
• Clearer Communication between supervisors and employees
• Improved Collaboration between team members
• Successful Retention and Increased Job Satisfaction among top performers

CompAnalysis can help you implement a performance measurement process that centers around goal-setting and goal achievement measurement. We can assist you by:

• Assessing which employees will be motivated by this process
• Involving eligible employees in the goal-setting process
• Choosing goals that are achievable, controllable, measurable, and relevant to the job
• Identifying conditions and dependencies, and making adjustments to goals if conditions outside employees’ control should change
• Developing metrics for each goal and computing levels of goal achievement
• Planning and implementing the program rollout, including training, documentation, and follow-up
• Designing the linkages between measures of achievement and pay

For additional information on CompAnalysis’ Pay for Performance services, please contact us.