Development of incentive systems

Development of incentive systems

Development and deployment of incentive systems includes a number of consecutive stages:

1. Developed on the basis of a balanced scorecard scorecards for the staff of the company are formed;

2. Developed (adjusted) position tasks on personnel motivation, situation on wages and moral encouragement;

3. The method on summing up work of the company is developed:

— by results of management accounting (the budget committee);

— by results of regulations accomplishment and processes on the company (process committee);

4. To issue an order about company change in motivation system;

5. Testing of motivation system (on scorecard) is held;

6a. Scorecard and standard rates of performance indicators (in 1 month) are specified and adjusted;

6b. Salary accounting procedure (in parallel) is automated;

7. The system of motivation starts working;

8. The results of work and payment to the personnel by results of purposes accomplishment and work indicators are summed up;

9. Standard rates and target indicators values (next month) are reviewed;

10. Assessment indicators (added or excluded) are reviewed (1 quarterly);

 
Correctly Motivated Personnel — a Basis of Company Development!