Variable Pay and Incentive Systems
Well-designed incentive plans do more than hold out carrots and reward performance. If they are thoughtfully planned, they communicate key company objectives, align compensation with strategy and drive the kind of performance your organization needs.
The QTI Group offers you the incentive experience of QTI Consulting.
QTI Consulting understands how incentives mesh with other elements of rewards and how the incentives communicate key company goals. We will assist in designing, budgeting and documenting effective incentive plans. We help select appropriate measures of short-term financial performance and long-term organizational progress. We understand the pitfalls of poor incentive design and take you from the big picture of organization culture down to the details of the payout curve and the language of the plan document.
QTI Consulting can help you establish achievable performance goals either through statistical analysis of performance trends or peer benchmarks that measure relative performance. We know the design tactics to address typical incentive issues such as disguised base pay, improper balancing of short-term performance with long-term risk and windfall payouts. We can help establish the proper mix of base and incentives compared to the relevant labor markets and how to balance individual, team and organization performance.
If you’d like to reward your employees with incentives that are simple, fair and aligned with organization goals, let’s talk. QTI Consulting is ready to guide you.