• STEP 1. ASSESSMENT

  • Current Plan(s) vs. Business Plan
  • Competitive Posture
  • Internal Pay Practices
  • Organization ("The Players")
  • Business Strategy

  STEP 2. PROGRAM DESIGN

  • Develop Models
  • Determine Plan Architecture
  • Eligibility Criteria
  • Performance Measures
  • Performance Periods
  • Program Structure
  • Payout Opportunity
  • Payout Frequency
  • Payout Vehicles
  • Funding Requirements
  • Goal Setting
  • Functional Linkages

  STEP 3. TESTING

  • Financial Simulation
  • Implication On Other Reward Systems
  • Assessment Against Key Feasibility Factors
  • Assure Self-funding
  • Goal Attainment (Functions & People)

  STEP 4. IMPLEMENTATION

  • Communication
  • Performance Planning
  • Administrative Systems

  STEP 5. MANAGEMENT AUDIT

  • Ongoing Review

For more information contact John G. Brau, SPHR at: JohnB

The Quorum Group
John G. Brau, SPHR
P.O. Box 2121
Alvin, Texas 77512-2121
Tel.: 281-393-1100
Email: JohnB

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Copyright © 1999 - 2008, The Quorum Group
Last Update: September 02, 2008