Develop, Implement and Reinforce a Pay-for-Performance Culture......

The importance of having the best people in key areas is critical to the success of your business. It's no secret the key to retaining the best and brightest talent is recognizing and compensating top performers. According to Giga Information Group, retention can be improved by meritocratic management–or pay-for-performance - by up to 27%.

Establishing an employee pay-for-performance culture is considered the #1 tool for achieving financial results by leading executives. Today's HR technologies now give managers easy access to all the information they need to reward individuals for actual performance–360 degree feedback, goal alignment metrics, review data and performance notes taken throughout the year. This allows managers to make consistent, quantifiable and fair decisions, and avoid compensating the wrong people. Other positive benefits include the ability to:

·                                 Track employee progress against pre-agreed performance goals.

·                                 Identify who is delivering against expectations, and contributing the most.

·                                 Improve ongoing employee job satisfaction, productivity and retention by recognizing and rewarding exceptional effort.

Avoid ‘salary bracket creep’ overcompensating by seeing  exactly where compensation and performance are not aligned.

Chris Wilkinson.                              

Certified Business Behaviour & Attitudes Analyst.               

Business Coach.

Tel: (905) 275-2907 (Mississauga).

E-mail: buspilot@bell.net