VOSS, Employee Incentive Planning Module supports the strategy execution process by proving for the efficient and effective design and development of incentive plans to align the organizations people to its strategy.  One of the beauties of the EIP Module is it is completely customizable to fit your business.  This module provides for:

Employee and supervisor goal setting process:

• Baseline attributes which will be used to measure performance against
• Maximum potential employee incentive documentation
• Attribute weights that may determine overall employee plan emphasis
• Achievement levels that have been agreed upon
• Attribute actual / forecast results comparison to Baseline
• Data set definitions used in calculations
• Attributes and incentive pay calculations

Gives management our incentive building tool kit for rapid estimates:

• Reforecast of future business climate and estimates of profitability
• Incentive investment necessary at this level of profitability
• Estimated monthly incentive compensation accrual – noting adjustments

           
Reduces the reporting time and cost of plan administration

• EIP is integrated with host via the Cash Flow Module with Automatic Update every interval set by management
• The cost of operation and therefore total ownership is reduced considerably because of: (a) ease of use and (b) our support in the initial program set up and (c) the reasonably priced onsite training we provide.

Provides sophisticated graphical analysis tools

• Achievement Level Distribution Graph Analysis
• Data Set Time Series Graphical Analysis

Improves security

• Improves security by reducing the number of people involved in the incentive building process, and
• By password level security
• Security Tracking Logs

Improves employee relations

• By supporting the team work concept, and
• Since goals are established together
• Improves morale

Drives the organization to increased profitability

• People are driven by reasonable, defined, measurable, non-subjective goals.
• Management can develop incentive plans quickly to roll out the company’s strategic objectives.
• The morale boost generated by people accomplishing goals they agreed with is very contagious
• When defined properly it is a total win/win for the company and the employee, thereby,
• Enhancing the relationship between owners and managers.

EIP: Performance report card selection of individual.

Actual PRC performance report card.

The icon to the left of the Attribute allows you to navigate directly to Attribute set screen: The following is going through the EIP setup menu

Default attributes preset in the system:

Notice the free form development of Formulas, Levels of Attainment, all data sets are available to you, Baseline can be either Budget or Last Year and with blue arrow pointing down underneath the formula bar you can select the baseline for the formula and it will automatically copy it to the baseline.