Compensation and rewards are explicit expressions of your goals and priorities. How your employees and independent contractors execute your strategy completely depends on your workforce performance compensation and rewards.
There is a big industry in employee engagement, performance improvement, and total rewards. But, too many of these programs fail to perform, some even becoming counter-productive and destructive. In the worst cases, this results in millions in lost sales and customers.
The reason is not the lack of priorities, but too many conflicting priorities. Too many ‘engines’ pulling in opposite directions; huge energy spent, and resources wasted, with little net progress toward any objective.
Non-integrated performance compensation and rewards across your Workforce, Consumer, and other stakeholders dooms goal achievement, no matter how compelling the core product or service.
Commission Systems creates all-enterprise, cross-function, priority-aligned performance solutions that optimize Workforce achievement and results.
Workforce and Business Unit Performance Compensation & Rewards:
- Sales revenue production, opportunity management, sales management
- Sales activities, results, volumes, revenues, mix, distributions
- Referrals, referral-to-sales, and referral productivity, intra- and inter-business unit
- Customer service, satisfaction and retention
- Service quality, time-to-resolution, error rates, accuracy, and service management
- Asset and liability quality, risk ratios, loss ratios, volatility
- Business Unit Productivity, profitability, yield, output, efficiency, cost optimization
- Performance ratings, competencies, training, and project-to-completion
- Revenue Recognition: performance obligations, judgments/estimates, contract balances, revenue adjustments
- MBOs and related bonuses
- Cash- and non-cash-based: all plans
- Reward and recognition programs
- Special Performance Incentives (SPIFFs)
- Merit Pay programs: individual and group
- Equity compensation programs; short-, medium-, long-term
- Revenue and profit sharing, fee splits, distributions
- Percentage, flat rate, one-time and recurring commissions
- Recoverable and non-recoverable draws
- Accelerators, qualifiers, and caps; Manager overrides at all hierarchy levels
- Lookback and pay-forward pay-outs, charge-back and prior period adjustment accounting
“Compared to others, your innovations and ideas rate in the top 1%.”
SVP Sales & Service Support
$90 Billion Asset Bank
For information about our Workforce solutions, please contact us.
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Solutions for Performance Compensation.
For your workforce, consumers, supply-chain, and distribution channels.