The VisionLink Advisory Group

The business is committed to a compensation strategy that is fully integrated with the business plan and offers a clear competitive advantage in recruiting and retaining top talent. Having an integrated compensation strategy simply means there is a relationship between how people are paid and the achievement of the strategic goals of the organizati... on. Compensation is an outcome based endeavor. In a world-class environment, those outcomes might include the following: Productivity: Employee engagement and commitment reflect an ownership-like determination to drive growth, profits and shareholder value. (Owner statement-"Employees understand the company's future and are committed to helping fulfill it because they have a vested interest in helping it succeed.") Talent: Great talent is attracted to and remains with the company because they feel passionate about their role in the future of the organization. (Owner statement-"Employees believe in the company's ability to achieve its targets and that their contribution is vital.") Measures: The cost, impact, and operational efficiency of all compensation/benefits programs are managed, monitored, measured and consistently improved. (Owner statement-"We regularly evaluate and employ mechanisms by which we can improve our systems, drive productivity and save money.") In a company with a "world-class" mindset, the speech given by the owner, CEO or president might sound more like the following: "This year we anticipate having record performance. Building on our past success, as well as the strength of the greatest talent in our industry, we expect to secure a leadership position in our market space and achieve our most ambitious goals. You are a critical part of the future of this organization. We can't achieve our goals without you. As a result, I want to make sure you understand the rewards you will enjoy if we can all work hard and achieve the performance levels we have targeted.Read More