Performance Based Incentives
The development of a performance based remuneration structure can provide significant benefits to organisations in relation to the achievement of human captial related goals. In general most organisation's human capital objectives centre around the following:
- The attraction and retention of human competencies and talent which will ensure the growth and sustainability of the organsiation
- Obtaining the maximum return on the investment made in Human Resources.
Consequently, an appropriately designed reward strategy recognizes and motivates staff to be high performers and motivates employees to give shareholders the best return on their investments, in other words, sustainable economic value add.
As a general rule, remuneration is not the only driver to motivate staff to perform on a sustainable basis and be motivated to stay with the company and a performance incentive scheme that recognizes this fact can form a key part of your organisation's overall retention strategy.
For more information, please contact us.