Bonus & Incentive Creation
Affordable bonus and incentive plans that reward performance and behaviours aligned to your strategy.
An integral part of any pay framework is the ability to reward individuals by way of a bonus or incentive scheme.
Turning Point can help you design and implement bonus, commission or short term / long term compensation plans that are:
- Aligned to your business strategy, core values & team goals
- Performance and behaviours driven
- Simple to manage and communicate
- Competitive with others in the industry
- Financially viable
- Legislatively compliant
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Our Approach
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We will work closely with your key stakeholders to understand what the business wants to achieve through its variable reward options and how that would be measured, and to understand your company goals and regulatory needs.
Bonus and incentive plans need to be clearly communicated to ensure that employees understand the goals and how to achieve them.
Based on our considerable experience, we will suggest various options for you to set and monitor objectives, as well as understand the metrics around standard performance curves linked to variable pay.
Our approach will ensure that any solutions offered have within them discretionary elements that ensure budgetary control is retained within the business at all times.
Our Incentive Creation services provide clients with bespoke and fit for purpose incentive plans to drive performance and engage talent across the organisation, in the short, medium and long term.