Performance Based Bonus Programs and MBOs
Manage all performance-based bonus and reward programs to attract top talent across the organization, boost motivation, and drive performance
Simplify the administration of MBOs and complex bonus programs, enhance the employee experience, and measure progress against targets to consistently achieve organizational goals.
![Header-Image-Large Header-Image-Large](https://www.varicent.com/hs-fs/hubfs/Header-Image-Large.png?width=2000&height=1275&name=Header-Image-Large.png)
Amplify Your Strategy with Motivational Programs that Fuel your Entire Business
- Build tailored programs that align key activities to desired behaviors and drive organizational goals.
- Weigh and share budgets across all contributors to optimize reward spend.
- Centralize management of your incentives, MBOs, and bonus programs.
![Amplify-Strat Amplify-Strat](https://www.varicent.com/hs-fs/hubfs/Amplify-Strat.png?width=1309&height=1265&name=Amplify-Strat.png)
![Create-Culture-Of Create-Culture-Of](https://www.varicent.com/hs-fs/hubfs/Create-Culture-Of.png?width=1308&height=1284&name=Create-Culture-Of.png)
Create a Culture of Achievement and Ownership
- Motivate employees and teams with visibility to progress on desired tasks and goals.
- Promote understanding of employee’s contribution to the success of organizational goals.
- Provide timely, transparent coaching and reinforcement to better align actions and rewards.
Increase Program Effectiveness Through Precision and Adaptability
- Create the right role-based plans that optimize investment spend and resource potential.
- Adjust plans as market shifts and internal factors evolve.
- Improve success of MBOs and bonus programs to attract top talent and reduce attrition.
![Increase-Program-Effectiveness Increase-Program-Effectiveness](https://www.varicent.com/hs-fs/hubfs/Increase-Program-Effectiveness.png?width=1311&height=1284&name=Increase-Program-Effectiveness.png)
Rewards Budget to Revenue Impact
Management by Objectives (MBOs)
- Ensure employee objectives are aligned to company goals for success.
- Use real-time updates and transparent metrics to keep employees focused and engaged.
- Encourage continuous improvement and accountability with regular feedback and performance tracking.
Interactive Sales Performance Incentive Funds (SPIFs)
- Implement dynamic, interactive SPIF programs to boost sales team performance.
- Tailor incentives to drive critical sales initiatives and meet sales objectives.
- Quickly boost sales productivity and motivate your team to exceed targets.
Merit Bonuses
- Boost motivation and retention with clear, objective performance-based rewards.
- Promote excellence and foster continuous improvement by valuing hard work and encouraging skill development.
- Simplify reward distribution with automated, transparent workflows.
Equity/Stock Allocations
- Align employee interests with company success through equity and stock allocations.
- Simplify management of stock options, grants, and vesting schedules to reward your team.
- Empower employees to think like owners, foster a sense of loyalty and shared purpose.
Non-Financial Rewards
- Recognize and celebrate achievements with meaningful non-financial rewards.
- Enhance employee experience by offering extra time off, professional development days, and more.
- Foster a positive work environment where employees feel valued and appreciated.
Contests
- Create engaging contests to boost performance and team spirit.
- Facilitate fair competitions for sales, projects, and innovation.
- Enhance productivity and morale with rewarding challenges.
-
Management by Objectives (MBOs)
- Ensure employee objectives are aligned to company goals for success.
- Use real-time updates and transparent metrics to keep employees focused and engaged.
- Encourage continuous improvement and accountability with regular feedback and performance tracking.
-
Interactive Sales Performance Incentive Funds (SPIFs)
- Implement dynamic, interactive SPIF programs to boost sales team performance.
- Tailor incentives to drive critical sales initiatives and meet sales objectives.
- Quickly boost sales productivity and motivate your team to exceed targets.
-
Merit Bonuses
- Boost motivation and retention with clear, objective performance-based rewards.
- Promote excellence and foster continuous improvement by valuing hard work and encouraging skill development.
- Simplify reward distribution with automated, transparent workflows.
-
Equity/Stock Allocations
- Align employee interests with company success through equity and stock allocations.
- Simplify management of stock options, grants, and vesting schedules to reward your team.
- Empower employees to think like owners, foster a sense of loyalty and shared purpose.
-
Non-Financial Rewards
- Recognize and celebrate achievements with meaningful non-financial rewards.
- Enhance employee experience by offering extra time off, professional development days, and more.
- Foster a positive work environment where employees feel valued and appreciated.
-
Contests
- Create engaging contests to boost performance and team spirit.
- Facilitate fair competitions for sales, projects, and innovation.
- Enhance productivity and morale with rewarding challenges.
Get Started Today
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