Supporting you to create a bonus that reflects sustainable business performance, and motivates and attracts talent.
A good executive bonus not only needs to attract, motivate and retain talented people, it needs to reflect the long term success of the business, and ensure that the performance required is stretching. With more scrutiny now than ever before from shareholders, regulators and the media, executive bonuses need to demonstrate value for money and show that they are not rewarding failure. We can help.
Design of exec compensation can be a tricky balancing act and has the added complication of business leaders having a personal agenda as well as a business one.
We can design an exec bonus that:
Creates a clear line of sight between actions, behaviours and results; and reward
Is self-funding and provides a genuine reward for high performance
Balances the requirements of all stakeholders – shareholders, regulators, employees and execs
Is simple and understandable – and we can help you communicate it
Looks at more holistic metrics and measures and not just broad financial ones such as TSR
Ensures all the management team are facing the same direction, and working together to achieve success
Works for NDGBs, where private sector competitiveness is an issue, and share ownership is not possible (not-for-profit, LLP and private ownership)
The Innecto team guided us through the whole process from Design to Communication, drawing on their past experiences to avoid the pitfalls - making the process less stressful.