Then help your people succeed
Scorecards are a way of measuring performance, not managing it. Our scorecards keep track of progress towards agreed objectives and allow the attainment of objectives to be used in determining compensation outcomes. The co-dependence of objectives upon each other and the priority of one objective over another can be captured using eeScorecard.
Balanced scorecards do not capture the complex inter-relationships between business objectives. All scorecard objectives need to be achieved in order for optimal performance to be delivered yet balanced scorecards will pay out on one objective (the Enron factor). An eeScorecard ensures that no one objective is over-represented and makes it nearly impossible to “play the system”.
In any performance cycle priorities will change. Not all objectives have a sensible stretch target. Other objectives have their priority increase or decrease as levels of completion are attained. For example, zero lost time injury is a good target, but having achieved that what is the stretch? With eeScorecard the zero lost time injury objective can be superseded by activities to reduce future injuries, or to deliver some other business benefit.
eeScorecards are not constrained to simple hurdle, target, and stretch objectives. Multiple levels of attainment can be defined with differing objectives at each level. Each level of attainment delivers more value to the business that can be shared through incentive compensation plans.
SMART (Smart Measurable Achievable Realistic Tangible) objectives allow your employees to align behind business strategies. eeScorecards allow small step improvements and achievements to be captured, recognized, and rewarded. Keep the reward increments manageable while still stretch your top performers to deliver all the value they can, then reward their achievements with value-based compensation.
Personalized, achievable scorecards with eeScorecard will help align your team behind your business objectives, deliver balanced achievements and growth.
Contact eeStrategy today and start measuring performance.
“It took me minutes to accomplish with eeCompensation what has previously taken hours with spreadsheets"Learn more >
"eeCompensation is a very user-friendly system which has greatly helped us streamline our compensation review processes"Learn more >
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