How to make a target bonus effective?
According to the latest variable compensation survey published in 2016, 36% of executives believe that the target bonus represents the best financial incentive ...
Variable remuneration supplements fixed salary, enhancing and rewarding the individual and collective performance of your employees. It allows you to incentivize your staff to achieve the results set by the company, by rewarding them based on the level of performance they have achieved.
There are several ways of calculating incentive compensation, but the most common options are commission, target bonuses and ranking systems.
Our expertise is the result of a thought process that combines the scientific method with our robust working knowledge of how to foster motivation via incentive compensation.
Our 360° global vision takes into account the full range of challenges associated with incentive compensation, enabling us to provide a response that is perfectly-suited to our clients’ needs, from the creation of bonus schemes through to implementation.
Primeum is a Consulting & Services agency whose work is exclusively dedicated to incentive compensation and its motivational effectiveness.
For almost 25 years, we’ve worked tirelessly to make our specific area of expertise into a cutting-edge tool to support the operations of major companies.
More recently, the launch of a dedicated service package for small businesses enterprises and start-ups has enabled us to provide a more adapted response to the needs of growing or emerging companies.
Sanofi Pasteur chose Primeum to design a training for their sales force excellence team on target setting and innovative incentive schemes topics.