bespoke pay software design
|
|
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
|
|
|
|||||
bespoke pay software design |
|
|||||
|
|
|
||||
|
Working in collaboration with our partners at TraQs Consulting we are able to develop unique software tools that relate business performance to pay plans. An example of this is the Bonus Management System. To initialise the system KPIs are determined for the business performance, for example:
These KPIs constitute a standard business performance template. Each participant in the annual bonus plan then needs to be aligned against a cluster of KPIs representing the performance of a Business Unit, aggregation of Business Units or a Support Unit. At each level, an additional element may be added to represent the overall performance of the next highest organisational level. The Bonus Management System enables likely performance scenarios to be modelled against each KPI. It also allows individuals to be aligned against clusters of KPIs. A level of performance is defined at target, where the individual bonus award or bonus pool will equate to target bonus levels for the participant, and stretch where the bonus pool will be a multiple, e.g. 1.5 of the target bonus level. KPIs can be grouped together, weighted for their relative importance and combined into a Composite Performance Index which is an expression of actual performance. The level of the Performance Index determines the gearing of the target bonus. The overall result is a highly flexible system which can be easily explained. The Bonus Management System can be run as a stand-alone, through the company's intranet or outsourced for external processing. |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
home - about us - what we do - contact us |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||
