However well designed, a pay policy will not work if it is not understood. Effective communication is key. We help our clients explain their remuneration strategy to their executives. This can be done through a client’s intranet, simple guidance booklets, information distributed or made available in digital forms, one-on-one presentations to executives or at management conferences.
Regular communication is also vital. How will a plan incentivise if participants do not know how they are performing against the targets? We provide around 80 clients with clear, simple performance updates which they can use to reinforce key messages.