Activity Based Compensation, also referred to as incentive programs can bring tremendous rewards to an organization. A prerequisite to implementing an incentive program is the implementation of accurate labor standards. A well crafted program will increase bottom line results while at the same time providing additional compensation for the associates. Conversely, poorly implemented initiatives can result in cost overruns, poor quality, increased injury rates, and other negative behaviors that will directly impact the whole organization.
G. H. Bishop Global has worked with many organization carving the appropriate standards to support their Activity Based Compensation programs. Our experience will help you put in place the right measurement and avoid the pitfalls associated with hastily implemented plans.