How To Motivate Performance With Compensation

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Before you can think about motivating your employees performance with compensation, you have to understand that the relationship between employee and employer is often based on an exchange of value. For the most part, that value is exchanging hard work for money. But when push comes to shove, it’s not always enough.

Nobody understands this better than high-performing companies that know that there’s a significant level of nuance involved in optimizing that exchange of value. So how do these organizations most effectively compensate their employees to motivate outstanding performance? In this whitepaper, we’ll go over the different ways you can motivate your employee performance and set your organization up for long-term success.

How To Motivate Performance With Smart Goal Setting

What do you want to reward with your compensation dollars? To have an effective pay for performance program, you need to have good goals and metrics at all levels -- individual, departmental and company-wide. You’ll also want to make sure that each individual employee has line of sight into how their efforts contribute to the overall success of the organization. One of the most tactical examples is a sales rep or account executive; their individual goals for new customer acquisition comes from their sale department goal for customer acquisition, which comes from the company’s goal for new revenue.

How To Motivate Performance With Meaningful Base Pay Increases