Automate Your Objective-based Reward Program.

The Performance Management Incentive System™ automates your objective-based performance and reward program.

We provide PMIS™ as a hosted solution - all you have to do is configure the system to work, and look like, an internal system. There is no software for you to install.

Manager and Employees:

• Access their (secure) objective worksheets through any supported web browser
• Submit goals, comment on accomplishment, and rate performance
• Performance ratings translate into incentive payments using the payout schedule defined by the administrator during the configuration process
• Access achievement and payout results through a set of comprehensive reports

Administrators:

• Have full administrative control over PMIS™
• Pre-specify as many goals of any supported type
• Notify participants and managers by e-mail to submit performance objectives and ratings
• Track compliance using summary reports
• Provide senior management with a comprehensive audit of the program effectiveness

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PMIS™ Described

• Enables you to administer many types of incentive programs.
• It's a web-hosted subscription service. The prices include set-up fees and rental charges - we offer tiered pricing based on the number of incentive program participants.
• It ensures company, manager and employee security and privacy.

Incentive Systems: Transaction vs. Objective-Based Solutions

Companies use a variety of incentive programs to focus and motivate performance. Some incentive plans are “transaction-based”, such as sales compensation programs and others are “objective-based” such as management by objectives (MBO) programs. Both are important to the success of a company’s performance. However, the administrative system needed to support each type of program differs substantially.

In transaction-based incentive plans, seller payout schedules are tied to actual sales results, by order, by customer, by territory. As the order system tracks and adjusts sales credits, the incentive plan software calculates and accumulates payouts.

In objective-based incentive plans greater emphasis is placed on manager/employee interaction, with the supervisor setting goals for each employee. There is often dialog and interaction between the manager and the subordinate. Final incentive awards are an accumulation of managers’ assessments of their employees’ performance on both quantitative and qualitative measures. PMIS™ is an objective-based support solution.

PMIS™ Snap Shot

You can easily configure PMIS™ to match your corporate environment. Managers and employees can define targets and objectives. At the end of the performance period (e.g., month, quarter, and year), managers and employees can interactively enter achievement scores and feedback. Payout calculates automatically using the payout schedules assigned to the employee's job category. Administrators provide overall program effectiveness by tracking participation, results and payouts.