Incentive Plan Development

Clear Designs Yield Clear Results  

Is your incentive plan driving business growth? Are your goals perceived as attainable? Do your employees even understand it?  

An incentive plan should work as an engine to drive business results – new customers, motivated employees, teamwork, and goal attainment. It must also be widely understood at all levels within your business. 

Prosperio Group designs customized incentive plans that are externally competitive and internally motivating. With our incentive plans, you will be able to create focus and a universal understanding of your company goals. With this kind of pay structure, imagine what you could achieve?

Common Roles for Incentive Plan Design Include

EXPRESS PROJECT 

When your needs span several roles, but you have only a few people, our Express Project is your best bet. We’ll spend time with you and your senior leaders understanding your business and working alongside you to develop the plans as quickly as possible. We’ve successfully executed hundreds engagements for small to medium-sized organizations just like yours (typically 5 to 50 employees). 

An Express Incentive Project includes: 
• Strategy and structure assessment  
• Compensation design for up to 5 roles 
• Includes salary bands and incentives 
• Market benchmarking of pay levels for those roles 
• Plan documentation 
• Pro-forma economic modeling (minimal historical testing) 
• Roll-out guidance 
• Development of an incentive calculator via Excel
• Additional automation possible
• 3 months of post-project support 
• Project turnaround is approximately 4-6 weeks 

1P1P PROJECT: ONE PERSON, ONE PLAN 

A 1P1P Project is great for start-ups and small companies! It is our smallest project size, but this makes it ideal for those who need a single plan immediately.  

The 1P1P Project includes: 
• All plan design details 
• Basic market pricing 
• Economic testing 
• Incentive plan documentation 
• Outlining of goals and expectations 
• Assessment of business goals and… 
• Assessment of impact of this role on those goals 
• Role clarification 
• Development of an incentive calculator via Excel
• Additional automation possible
• 3 months of post-project support 
• Project turnaround is approximately 2-3 weeks 

FULL-SERVICE COMPENSATION PROJECT 

When you need to clarify your business objectives, streamline your organization structure, improve employee accountabilities, AND want to develop plans for several interconnected roles, a Full-Service Compensation Project does it all! This project features multiple virtual meetings with our developers and your design team and is often selected by medium-sized to larger companies, as well as small companies undergoing major transformations. 

A Full Service Compensation Project includes: 
• Business goal clarification 
• Incentive compensation plan design for all roles in scope
• Salary bands suitable for job postings 
• Development of career levels for highly populated roles 
• Employee change management 
• Extensive pro-forma and historical economic modeling 
• Goal-setting sharpening 
• Market benchmarking of pay levels for all roles in scope 
• Roll-out support and guidance 
• Organization redesign and role change/definition 
• 12 months post-project support  
• Detailed and automated Excel calculator
• Additional automation possible
• Possible introduction to one of our EIM vendor partners 
• With integration assistance into their platform 
• Turnaround time is at least 90 days 
• May vary depending on size and magnitude of change