Team Goal Setting & Incentive Pay Calculating

This tool provides standardized templates for defining measurable team goals, for calculating the cash value of goal achievements and for distributing incentive payments.

Work with your KEi Employee Retention Specialist to customize each of the three templates to match the specifics of your company situation.

Each of the customized templates is password secured so employees can access only the two templates that relate to their team goals and the cash value of goal achievement.

Human Resources staff must be instructed to appropriately:

  • Facilitate the process of integrating this tool with the existing compensation system.
  • Facilitate the process of customizing each of the three templates to match the specifics of your company situation.
  • Facilitate the effectiveness of the links between this tool and individual Employee Responsibility Documents.
  • Facilitate the process for incentive payment communications.

TOOL FEATURES

Team goal setting template…this feature allows management to define measurable team goals in five separate quantifiable goal categories.

Cash value calculator…this feature provides a customizable template that calculates the cash value of completing a team goal.

Incentive pay calculator…this feature provides a customizable template that divides the cash generated by goal achievement between the company and the individual members of the team that generated the cash savings.

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