Reduce Costs with Performance Path - Performance Management Systems

Cut costs with our next generation performance management system.

Executives everywhere are looking for better ways to reduce costs and improve customer satisfaction. Cash management will only become more important as the recession continues. Don’t waste money on generic appraisals and training. Less than 10% of the people who go through generic appraisals and training improve their performance.

Ways to reduce cost with Performance Path ®

Performance Path ® is the next generation employee performance management system. Combining information technology and organizational psychology employees are rewarded for more than short term, “line-of-site” rewards. It ensures alignment between business objectives, individual performance and incentives. Designed to create sustainable value, Performance Path ® provides a disciplined focus on performance results that creates a culture of achievement-not entitlements.

Pay increases are not automatic…they are earned.

Differentiating between those that add value and those that don’t across the board raises not only rewards mediocrity but compounds cost increases. The graphics below provide a simple example.

We compared two employee groups of 50 employees each. The first group received a 3% across the board raises. The second group was paid based on their performance.

The performance based group was divided into three segment 10% high performers, 80% high average performers and 10% low performers. Top performers received a 3% pay increase average performers received 1.5 pay increase and low performers did not receive a pay increase.