Detailed Plan Design and Costing
This work includes everything described in the assessment, above, and fleshes out and finalizes all the details of a new plan, including:
This work includes everything described in the assessment, above, and fleshes out and finalizes all the details of a new plan, including:
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§ Salary ranges
§ Target incentive amounts § Detailed performance measure descriptions § Crediting rules § Payout tables § Commission rates § Timing of measurement and payment |
It is an iterative process where we work through the plan designs with a project team in increasing detail over the course of 2-3 meetings. When the full plan details have been specified, we then conduct costing analysis under a range of performance scenarios to identify the overall cost of the plan as well as the financial impact of the plan on a sample of individuals. Those analyses may result in further plan adjustments, such as modification of commission rates and payout curves.
The key deliverables are a final report and a set of plan abstracts that specify all plan details. Communication deliverables are separate.
The key deliverables are a final report and a set of plan abstracts that specify all plan details. Communication deliverables are separate.
