Tools to Help Your Employees Focus on Your Company's Success
Variable Pay Options
Generally, the intent of any type of variable pay program is to increase employee focus on the drivers of company success. A number of different options can link employee contribution to company success.
Variable compensation, incentive-based pay, gainsharing, annual and spot bonuses can all be used to focus your employees on the company's goals. Properly designed -- and of equal importance -- properly implemented -- some of these programs can make the impossible possible.
The right incentive program is usually the quickest and surest way to increase employee focus and change the results your company is getting. But just having an incentive program -- even a well-designed and well-implemented program -- sometimes isn't enough.
Circumstances in the organization may be pulling employee focus in other directions. The Services page lists major activities that can reinforce or conflict with your incentive program. An organization assessment is a good way to find out where the conflicts may be.
Non-Pay-Based Options
For some companies, a pay-based program may not be in the cards, for a variety of reasons. A number of non-pay tools exist to help your employees focus on what's important to your company.
Awards and recognition
In some cases, companies don't have identifiable improvement opportunities large enough to self-fund a full-fledged incentive program.
In those cases, we can help you identify improvement opportunities that can provide the lower funding required for awards and recognition.
We'll help you define and implement the best low-cost program with greatest impact. For example, we have worked with manufacturing and construction companies to focus employees on safety through awards and recognition, with remarkable results.
Employee engagement
Actions that significantly increase employee engagement contribute powerfully to company financial results. You may know this as employee ownership, employee loyalty, employee commitment or accountability.
By any name, more employee engagement/ ownership/ loyalty/ commitment/ accountability is typically associated with greater profitability. However, when engaged employees are also focused on the drivers of company success, the combination is a powerful driver of outstanding business results.
While a properly designed incentive program is a short cut to focused employee engagement -- and to assuring profitability, it's not the only way.
Both to support incentives and when incentives aren't an option, an employee engagement assessment can pinpoint how your company can increase profitability through increasing employee engagement.
Which option should you choose?
With our 20+ years of experience in helping companies identify opportunities to increase focused employee engagement, we can help you target, then build on, the right option for you. That's the option that will give you the most leverage for increasing employee focus on your goals.
Humaneering's focus on focus -- on your employees' focus on achieving and exceeding your company's goals -- is unique. We invite you to call to discuss the results you're currently getting. We can help you...
Determine whether there's a financial opportunity that can be achieved by implementing an incentive program
Define what you can do to increase your employees' engagement with the success of your company
Quantify the impact of your current incentive program
Update and refresh your current incentive program.
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Formoreinformation, contact info@humaneering.com, call us at 864-271-1630, or visit us at 135 S. Main Street, Greenville, South Carolina 29601