|
Short-term Incentive Compensation
Driving performance by providing short-term annual incentives is a creative process that, if done right, can have an extraordinary impact on productivity and profitability. Conversely, designing the “wrong” plan can have disastrous results. FMI’s experience in designing, implementing and communicating these plans can help contractors drive the right behaviors that generate best-of-class results.
Read more about our short-term incentive compensation services.
Long-term Incentive Compensation
In order for firms to develop and maintain a sustainable competitive advantage in the marketplace, it requires driving initiatives that last longer than one year. Building a multiyear incentive-compensation plan that links to metrics pertaining to long-term growth has several benefits. It drives entrepreneurial spirit, rewards long-term thinking, motivates employees and helps with retention. Additionally, companies with this type of program ultimately looks more attractive to potential candidates, aiding in the attraction of star talent. FMI has experience building such long-term plans around a wide array of financial metrics (ROI, ROA, OI, etc.). Additionally, FMI has experience designing plans tied to other strategic goals of the firm (increase customer satisfaction, lower turnover, enter a new market, etc.).
Read more about our long-term incentive compensation services.
If you would like additional information about our general management-consulting services, please contact Vance Boyles at 602-772-3428.
|
|
