| At The VisionLink Advisory Group, we adopt a non-traditional approach to the design, implementation and communication of employee compensation strategies. We call this approach Strategic Performance Development. This concept is based on the premise that every compensation dollar represents an investment by the employer that should produce a return – one measured both in employee commitment and increased productivity. In addition, we believe that a compensation strategy must not only meet the needs of the employer but that it must also speak to the individual goals and dreams of the company workforce - particularly key employees. It must have the power to produce wealth for those employees while simultaneously creating an increase in value for the shareholders. When successful, the Strategic Performance Development approach will create the "Line of Sight" for key employees that clearly connects the following elements: |
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Company Vision: understanding ownership's view of the future. Strategic Business Plan: building on and supporting the company's vision. Individual Roles and Performance Expectations: establishing roles and benchmarks that each key person understands and can manage to Rewards: understanding how one will be remunerated for the achievement of the performance thresholds Personal Vision: drawing a connection between the rewards system of the organization and the fulfillment of one’s personal goals and objectives |
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Strategic Performance Development
