Effective bonus and incentive schemes are essential to drive employee engagement and motivation. At Innecto, we specialise in unlocking the power of performance-based rewards, whether it is short or long term incentive plans, sales, incentives/commission or productivity plans or simply an annual corporate bonus plan, that align seamlessly with your organisation's strategic objectives.
Our consultants have extensive experience creating variable pay schemes for all kinds of organisations, across all industries. We’ll design the perfect scheme around your business, whether you’re looking for an annual bonus or sales commission scheme, executive bonus or long term incentive plan.
Our Approach
Our approach begins with a comprehensive assessment, starting with a thorough analysis of your current bonus practices, organisational structure and goals, and performance metrics. We then move on to customised design, leveraging our deep industry expertise to develop innovative bonus and incentive schemes tailored to your unique needs. Next, we focus on strategic alignment, designing solutions to drive desired behaviours, rewarding top performers, and fostering a culture of high achievement. Finally, we prioritise data-driven optimisation, continuously monitoring and evaluating the effectiveness of your bonus and incentive programs, and making adjustments as needed to ensure optimal results.
Our clients benefit from Innecto's:
Proven expertise
Our consultants have a track record of delivering successful reward programs for clients across various industries.
Results-oriented
We are are committed to helping you achieve your business goals through effective compensation strategies.
Collaborative partnership
It is important we work closely with your team to understand your unique challenges and opportunities. We understand the sensitivities of your information and that it should be handled with integrity and professionalism.
Case Study: Bird & Bird
Bird & Bird chose to work with Innecto as we have experience in both supporting the legal sector and broader cross-industry expertise of variable pay. The scope of the project was to review the existing scheme and advise on potential options to ensure a unique proposition is delivered that provides the best return on investment, fits with culture and drives the right behaviours.
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Why Innecto?
Our approach to developing variable pay will drive key targets by incentivising the desired behaviours in your employees, and delivering a positive impact on your bottom line.
We will work with you to nail down what your business needs the scheme to deliver, and why, then use these factors as the basis for design.
Whether it’s hitting key revenue goals, sales targets, or non-financial metrics, an Innecto variable pay scheme will get you where you want to be.
We’ll develop several options for you and model affordability and performance alongside ‘stress-testing’ the scheme.
We’re experienced in gaining buy-in from the top table and employees, and we’ll support you to make sure the scheme lands well and sticks around.
