advantage by creating innovation targets specific to each employee.
In our global market
place innovation is a cornerstone of sustainable business success.
Yet, in many organizations innovation remains sequestered to R&D or
rely on hit or miss suggestions from employees. The benefits of
harnessing the collective power of talented individuals is enormous
for small and large businesses alike Performance Path ® enables
organizations to hardwire innovation and value creation into each
Performance Path ®
performance based job descriptions and appraisals systems hardwire
innovation and value creation into each employees job and pay
package. Measurable innovation target areas are embedded in each
employee’s job description and appraisal. These targets are outside
normal job duties. Employees receive additional points in their
appraisal or select from highly desirable incentives based on their
Incentive Cache™ profile. Employees have nothing to lose and
everything to gain by engaging in creating value beyond job
requirements Targets may include new ideas that reduce cost,
increase productivity, solving customer problems, contributing to
designated community organizations, etc.
targets alone will not be successful if employees are not passionate
and engaged. Passionate individuals are usually talented and
motivated, but they're often unhappy - they feel blocked in their
efforts. Leadership must put mechanisms in place to reward value
creation and innovation.
innovation targets linked with highly valued financial and
non-financial rewards creates passion. However care must be taken
not only those incentives drives individual performance but
contribute to sustainable business results in the future. Too narrow
a focus on “line of sight” incentives may reap short term gains for
the individual at the expense of long term consequences for the
organization. Designing an effective incentive system results in a
highly responsive work force. Incentives can drive both value
creation and organization responsiveness or agility. Together they
provide organizations with a competitive advantage that is hard for
competitors to copy.
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