70% of companies calculate their incentive compensation using Excel®…
…and yet, none of these companies trust the same program to calculate their fixed salaries.
Automating the calculation process reduces the time spent checking and recalculating employee bonuses by an average of 40%.
“There is no point in running, you have to animate.”
60% of commercial directors consider that their bonus schemes are insufficiently well-communicated.
However, incentive compensation remains a powerful tool for aligning the action plans of recipients with the company’s strategy throughout the performance cycle.
60% of sales managers believe objectives lack precision and fairness.
The effectiveness of a scheme based on performance bonuses by its very nature depends on the ability to set an ambitious and attainable performance requirement for each employee.