This
is the foundation of our
compensation and performance management philosophy that has been
implemented in over 500 organizations in the United States and abroad.
"STAKEHOLDERS" is a
performance-based compensation methodology that focuses everyone in an
organization on maximizing long-term value while providing unlimited
compensation opportunities for those who make it happen.
"STAKEHOLDERS" uses
a balanced scorecard as a budgeting, reporting, forecasting and
compensation tool. This unique approach creates a powerful linkage
between the strategic planning, budgeting and compensation processes in
an organization.
"STAKEHOLDERS" is a valuable educational
tool for every employee in an organization ... from line staff through
the CEO. It creates "line of sight" between one's day to day
activities and the overall strategic objectives of an
organization. It teaches employees how to add profits to the
bottom line, then rewards them when they achieve it.
"STAKEHOLDERS" is
100% self-funding (e.g., it pays for itself). Unlimited
compensation opportunities are created by sharing a portion of the
profits in excess of a minimum threshold of performance. Using
this approach, we are able to guarantee an acceptable level of
profitability no matter how much is paid in incntive compensation.