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BENEFITS OF DOCUMENT
This reference provides specific guidelines for establishing measures to determine performance-based compensation and bonuses. Included are:
• Considerations for bonuses
• Non-performance of routine activities which impact pay increases and bonus amounts.
A sample compensation plan provides a low, median and high salary ranges that include specific requirements. Pay increases and bonuses are tied to criteria such as tasks and metrics, profitability, successful implementations, no overdue pending items, ensuring monies are invested in a timely fashion, etc. Additionally, items such as quality standards, client satisfaction and corrective actions are also included.
When team members contribute to the success of the firm, they feel ownership and are empowered to engage doing what is in the best interest of clients, coworkers and the organization.
Got a question about the product? Email us at [email protected] or ask the author directly by using the "Ask the Author a Question" form. If you cannot view the preview above this document description, go here to view the large preview instead.
Source: Best Practices in FAS Performance Management PDF: FAS Performance-Based Comp & Bonuses Guidelines & Sample Plan PDF (PDF) Document, Karen Reitor, Communique Productions Inc
ABOUT THE AUTHOR: KAREN REITOR, COMMUNIQUE PRODUCTIONS INC
Since 1985, Communique Productions has worked with over 175 clients and completed over 3000 talent development and management consulting projects. Karen Reitor, President and Founder, is a Certified Management Consultant and a Certified Professional in Learning and Performance.
Communique is an Accredited Provider certified by the International Association of Continuing Education and Training and also is certified as a Woman-Owned and a Small Business Enterprise.
Using a signature learner-centered and activities-based approach to talent development, Communique has consistently succeeded to helping bridge organizations from where they are to where they want to be. We have a reputation for assisting organizations in addressing complex and long-unresolved issues associated with transforming organizations through their people.
Sample clients include the City of Cincinnati, Ameriprise Financial, LensCrafters/EyeMed, Cincinnati Bell, CSX Transportation and many other small to mid-sized organizations.
Karen Reitor, Communique Productions Inc has published 85 additional documents on Flevy.
This business document is categorized under the function(s): Organization, Change, & HR Performance Management
It applies to Financial Advising Services
File Size: 281 KB
Number of Pages: 7
Related Topic(s): FAS Performance Management
Purchase includes lifetime product updates. After your purchase, you will receive an email to download this document.
Initial upload date (first version): Mar 23, 2020
Most recent version published: Mar 24, 2020
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Financial Advising Services (FAS) Performance Management
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