Navigation Links
Deploying an Effective Pay for Performance Bonus System that Works Across Multiple Industry Sectors
Date:4/19/2013

CHAPEL HILL, N.C., April 19, 2013 /PRNewswire/ -- Across industry sectors, compensation leaders recognize the value of recognizing and rewarding one of the main drivers behind an organization's success in the marketplace: top performing employees.

Annual bonus programs are one avenue companies use to reward employees for their contributions. However, smaller bonus pools, unfair distributions, misalignment of goals, and other obstacles can plague the integrity of the system and potentially send talent out the door.

Pay for performance programs are one tool organizations are using to try to retain top performers.

To help compensation organizations understand how other industries and high-performing companies deploy their pay for performance systems, research and consulting firm Best Practices, LLC conducted a benchmarking study. The research project, which involved human resources leaders across industry sectors, evaluates incentive systems with the goal of identifying strengths, gaps and improvement opportunities.

The study, Driving Growth & Talent Retention through Pay for Performance, investigates how compensation organizations at leading global companies are structuring and implementing pay for performance annual bonus programs to reward top performers and retain talent in today's environment of shrinking resources and increasing talent competition.

While pay for performance systems usually are used to retain top performers, almost half of the study's large workforce segment said decreasing over-payments to low performers was also a primary reason for using a pay for performance system.

The study explores these key areas:

  • Annual Bonus Plan Metr
    '/>"/>

SOURCE Best Practices, LLC
Copyright©2012 PR Newswire.
All rights reserved

Page: 1 2

Related medicine technology :

1. Ensuring Pharmaceutical Organizations are Effectively Organizing and Deploying Medical Science Liaisons across Diverse Customer Groups
2. New CDC Study Confirms Effectiveness of UV-C Disinfection in Reducing Harmful Pathogens for Hospitals
3. Varicella Vaccine has Long-Term Effectiveness Against Chicken Pox
4. Analysis In Health Economics Review Concludes Effective Medical Obesity Treatment Could Reduce Medicare Spending
5. Study Showcases Effective Approaches for Evaluating the Performance of Executives who Handle Managed Markets Accounts
6. Spine Surgeons Embrace Uniquely Effective Valeo Interbody Fusion Devices As Amedica Announces 10,000 Implantations
7. National Pharmaceutical Council Survey Shows Health Care Stakeholders Continue to Show Optimism About the Future Role of Comparative Effectiveness Research
8. Effectively Bringing Fixed Dose Combination Products to Market to Maintain Growth and Pipelines
9. Studies Published in Pain Medicine Demonstrate Effectiveness of Minimally-Invasive Cooled Radiofrequency Treatment for Low Back Pain
10. Saint Lukes Mid America Heart Institute Clinical Trial To Investigate Effectiveness Of Cardiac Surgery Device
11. Pharmaceutical Pricing and Reimbursement in China - Series of Mandated Price Cuts Not Effective in Stemming Healthcare Expenditures
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/21/2014)... , Aug. 21, 2014   Royal Philips ... today announced it has received 510(k) clearance from ... its precision planning application for Transcatheter Aortic-Valve Implantation ... application provides interventionalists with pre-procedural, high-precision positioning to ... TAVI planning application is available as part of ...
(Date:8/20/2014)... 2014 Northstar Global Business Services, Inc., ... of hard work from many talented specialists, the ... and package design.  The new formulation for Snorenz ... the product due to overwhelming evidence of increased ... Nighttime will also include these vitamins, as well ...
(Date:8/20/2014)... 2014  The National Association of Drug Diversion ... by the real-time, pseudoephedrine (PSE) blocking system in ... Exchange (NPLEx), automatically blocks unlawful pseudoephedrine sales and ... and make arrests. Data released by NPLEx shows ... blocked the sale of more than 32,890 boxes of ...
Breaking Medicine Technology:Philips receives FDA 510(k) Clearance for TAVI Precision Treatment Planning Application 2Philips receives FDA 510(k) Clearance for TAVI Precision Treatment Planning Application 3Northstar completes the first phase of its new retail strategy and prepares to ship reformulated Snorenz with all new packaging 2Michigan's Stop-Sale System Achieves Significant Results In Battle Against Meth 2
... Sinovac Biotech Ltd. (Amex:,SVA), a leading provider of ... the clinical trials for its pandemic influenza,vaccines. Sinovac ... State Food,and Drug Administration (SFDA) to commence Phase ... whole viron inactivated vaccine and Phase I and,II ...
... Phase I Clinical Trial of Proprietary siRNA Molecule in Acute ... ... 19 Quark Pharmaceuticals, Inc., a,development-stage pharmaceutical company focused on discovering ... dosing in humans of its proprietary product,candidate, AKIi-5, a siRNA compound ...
Cached Medicine Technology:Sinovac Provides Update in Pandemic Influenza Vaccines (H5N1) Phase II Clinical Trials 2Quark Pharmaceuticals, Inc. Announces First Systemic siRNA Dosing in Humans 2Quark Pharmaceuticals, Inc. Announces First Systemic siRNA Dosing in Humans 3Quark Pharmaceuticals, Inc. Announces First Systemic siRNA Dosing in Humans 4
(Date:8/21/2014)... (PRWEB) August 21, 2014 Living in ... the atmosphere that comes along with it. A quality ... sure that such amenities are available. , ... in Fayetteville, Georgia and Community Association Management, LLC made ... American Parks Company to provide an additional amenity for ...
(Date:8/21/2014)... For many people, finding motivation to exercise is a challenge. ... the approach of Zombies, Run!one of more than 31,000 health ... the growing number of apps that use games to increase ... mobile fitness app makers looking to cash in to help ... to exercise remains to be seen. , "It,s just been ...
(Date:8/21/2014)... the environmental source of fungal infections that have been ... literally grows on trees. , The discovery is based ... spent the summer gathering soil and tree samples from ... the fungus named Cryptococcus gattii (CRIP-to-cock-us ... number of species including C. gattii , causes ...
(Date:8/21/2014)... 2014 (HealthDay News) -- Being born at a low birth ... diabetes, a new study suggests. The findings may partly ... has a high prevalence of low birth weight, the researchers ... found that those with a low birth weight were 13 ... with a normal birth weight. The risk of diabetes was ...
(Date:8/21/2014)... 21, 2014 A new study published ... increase in disability associated with speech problems from 2001-02 ... than 15% increase in disability associated with hearing problems. ... rising numbers of children who are experiencing communication disorders, ... , On a broader level, the new study, ...
Breaking Medicine News(10 mins):Health News:Recreation is the Heart of the Community at Simpson Mill Plantation; Chooses American Parks Company™ for New Playground Equipment 2Health News:Recreation is the Heart of the Community at Simpson Mill Plantation; Chooses American Parks Company™ for New Playground Equipment 3Health News:Playing hunger games: Are gamified health apps putting odds in your favor? 2Health News:Fungus deadly to AIDS patients found to grow on trees 2Health News:Low Birth Weights May Put Black Women at Risk for Diabetes 2Health News:New Pediatrics Study Reveals Dramatic Increase in Speech Problems in Children Over Past Decade 2Health News:New Pediatrics Study Reveals Dramatic Increase in Speech Problems in Children Over Past Decade 3
... says , , FRIDAY, May 23 (HealthDay News) -- A new ... diabetes, but more research on possible cardiovascular risks is needed ... Preliminary results on the drug, succinobucol, have been presented at ... 24 issue of The Lancet . , "There is ...
... Linkwell,Corporation (Linkwell) (OTC Bulletin Board: LWLL), a ... disinfectants in China,announced today that it was ... relief efforts. The Chinese government, non-government,organizations (NGOs) ... scale in response to the earthquake in ...
... 23 Memorial University,Medical Center (MUMC) now offers ... small incision in the belly button. It,s called ... surgeons nationwide,are skilled in the SILS technique. One ... SILS, Senkowski can remove the gallbladder through a,1cm. ...
... 5,000 ,Medal of Honor, books and DVDs to local ... Alliance and the,Congressional Medal of Honor Foundation donated 5,000 ... Valor Beyond the Call of,Duty," to California schools., ... and deceased,veterans, including nearly 20 from California, who hold ...
... fitness industry!, JACKSONVILLE, Fla., May 23 The ... television shows, movies and interest in,fun dance fitness programs. ... right here in Jacksonville! This month,they will be bringing ... Kevin B. Maddox. But what are you to do ...
... in Discovery Green Park, HOUSTON, May 23 ... year,s presidential election and the cost of health care,continuing ... (HJMHF) will offer Houston residents a fun and informative,opportunity ... The multicultural health event, which will kick off ...
Cached Medicine News:Health News:New Antioxidant Drug Shows Promise Against Diabetes 2Health News:Linkwell Corporation Runs 24/7 Disinfectant Operations to Support China's Earthquake Relief Efforts 2Health News:Linkwell Corporation Runs 24/7 Disinfectant Operations to Support China's Earthquake Relief Efforts 3Health News:SILS Surgical Technique Now Available at MUMC 2Health News:TriWest Teaches California Kids About Veteran's Sacrifice, Courage 2Health News:Dance Trance Fitness(TM) and SyncLive(TM) Broadcast LIVE from Jacksonville! 2Health News:Announcing the 2nd Annual Houston Juneteenth Multicultural Health Festival 2
... The new Finnpipette Focus from Thermo Labsystems ... uncompromising performance. Advanced features such as ... fine volume adjustment on microvolumes help to ... single channel pipettes. The new interchangeable handle ...
This CLS number is a new product number, created to easily match Cornings product number. If showing no availability yet, please order under the old Sigma-Aldrich number (Z71,407-0) or contact custom...
... Finnpipette Digital offers improved ergonomics for ... handle, modified grippy finger rest and ... comfort and efficiency. Finnpipette Digitals also ... gearing mechanism (pat. pend.) and super ...
... Pipetman Ultra is a fully adjustable, air-displacement ... It is the latest member of the ... characteristics: robustness, accuracy, and precision. We also ... feedback from our customers. Eight models cover ...
Medicine Products: