The RBC Group approach includes:
- A Results Based Audit consisting of:
- Review the stated strategy and direction of the organization
- Review the profitability factors that affect various areas of the compensation plan, including the desired profit of various business lines and products.
- Review the current Rewards & Recognition program.
- Identify where the current compensation plan runs into conflict with the stated strategy and financials supporting the plan.
- Measure the investment being made through the compensation plan and how it compares to other companies' investment in their compensation plans.
- We will provide a comprehensive series of recommendations on approach, deployment, management follow up and follow through. We will also develop a scorecard so that senior leadership can feel confident that the adopted approach is being consistently implemented.
© 2007 RBC Group