7 Keys to Ensuring Success

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The Impact of Pay on Employee Motivation

Is your compensation strategy having a positive or negative affect on the performance of your employees? That’s a difficult question for most business leaders to answer. And the research on the issue is both confusing and conflicting. So, what should you do?

This report answers that question. It will help you examine the impact your rewards strategy is having on the motivation of your employees. It introduces 7 keys for ensuring your pay approach produces the right outcomes for your company. It explains the role compensation should play in a growth-oriented business and resolves the “intrinsic versus extrinsic” motivation issue.

Learn what makes a pay strategy effective. Download this report today!

In this report, you will discover:

  • Why the research on the impact of incentive plans misses the mark and is unhelpful.
  • What employees expect from compensation and how they evaluate the pay plan you offer them.
  • The difference between paying incentives and value-sharing—and why you want to do the latter.
  • Why it is critical to understand your employees’ contribution ambitions when evaluating your company’s rewards approach.
  • The 7 keys that should govern your pay strategy construction.

 

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Over the past several years, National Technical Systems has engaged VisionLink to provide insight and direction on a number of executive compensation issues, as well as a performance evaluation of our 401(k) plan. Under its direction, NTS completely revamped executive level rewards to align with our business growth objectives and the strategic plan of the company. VisionLink's insight and direction have been invaluable. NTS has achieved its growth objectives and our executives feel appropriately rewarded for their performance.

National Technical Systems

Bill McGinnis