Remcalc, a locally developed Internet-based tool, provides you with a smart roadmap to make Pay-for-Performance a lucrative business strategy. Remcalc lets you benchmark your staff against the market and objectively award short term incentives and increases to employees. You put Equity and Integrity in your reward process.
What a Well-Structured Pay-for-Performance System can do to your Business
Building a pay-for-performance culture may seem like an abstract vision for some organisations; however, it is considered a top tool by senior executives for achieving better financial results. And for good reason, a strong pay-for-performance culture has the ability to:
- Unlock employee performance potential,
- Keep your “superstars” happy, and
- Ultimately drive a healthier bottom line.
How to Ensure Pay-for-Performance will be Successful in Your Business
It is important to realize that there is no one-size-fits-all approach to developing a pay-for-performance culture. To be successful, you have to “think custom” and tailor a system to your unique business needs and existing HR processes. The answers to the following questions provide invaluable feedback in setting expectations and shaping a meaningful pay-for-performance culture:
- Are the tasks that people are working on driving the business? How can you tell?
- Are your managers engaged with your employees throughout the year to make sure they execute their objectives?
- Are individuals executing against what is expected? Who is and who isn’t executing?
- Are you objectively ensuring that bonuses, increases, and promotions are given to those high performing individuals that you can't afford to lose?
Value Proposition
Remcalc is a strategic compensation tool designed to distribute scarce compensation rands equitably to employees based on their performance and other critical business factors.
Remcalc is available as a hosted solution.
