Incentive Plan Design and Implementation
The vast majority of incentive plans fail to motivate changes in behavior. Money changes behavior. Empire Value Advisors is skilled in the design of incentive plans that align the interests of the management team and the shareholders.
Each plan should be designed to emphasize the importance of the corporate earnings goal and the way that individual goals impact that earnings target.
Managers should have active participation in the development of budgets and plans that drive individual goals.
Managers should have ready access to the metrics and measurements that they are responsible for in order to feel a sense of control and responsibility.
EVA can help create a self-funding motivational tool that changes and influences behavior and drives value creation.