Performance-based pay

Performance-based pay

An effective performance-bonus scheme is based on your company’s goals and steers work in the desired direction.

Performance-based pay complements an employee’s basic pay and is a flexible means of rewarding personnel for their good performance.

Performance-based pay directly influences a company’s productivity and profitability.

There are many ways to implement a performance-bonus scheme: we will help your company build a model that suits your strategy and organisation.

What are the benefits of performance-based pay?

Would you like to discuss about Performance-based pay?

  1. Enter your contact details here

    We will contact you to schedule an appointment. In the ‘Additional information’ field, you can include, for example, the best time to call you.

  2. We will map out your needs

    Together we will discuss your company’s situation and your personnel’s needs in terms of rewards.

  3. We will make you an offer

    We will propose a plan suited to your company’s needs for developing an employee reward solution or a specific reward scheme in your organisation.

This is how an effective performance-bonus scheme is built


EFFECTIVE PERFORMANCE-BASED PAY IS BUILT:
  • On a bonus scheme that is aligned with the company’s strategy
  • On the realisation of the company’s goals
  • On personnel’s satisfaction with the scheme

There are numerous options and approaches. Performance and profit bonuses can be paid as pre-agreed individual or group-level goals are realised or based purely on the organisation’s success. Unlike, for example, pay raises, performance bonuses do not permanently increase the company’s costs.

We will also help you put the performance-bonus model into practice, for instance, by helping to introduce the scheme and plan and hold training sessions.

PERSONNEL FUND: A MORE EFFECTIVE PERFORMANCE-BONUS SCHEME

Paying bonuses into a personnel fund enhances the efficiency and effectiveness of the performance-bonus scheme. The fund enables larger bonuses for the employees and offers a flexible way of saving for their own goals. Their assets also gain the returns of professional investment operations.

LEARN MORE ABOUT PERSONNEL FUNDS

Other reward and compensation schemes: choose your own way to provide supplementary rewards

A reward and compensation scheme can be a traditional performance- or profit-bonus scheme, but it can also be based, for example, on a quick one-time bonus or other reward model that best suits your organisation. Different one-time or instant-bonus models are often set up alongside other reward schemes, as nowadays supervisors in particular need ways of quickly recognising successes.

Our experts will help you build a new reward and compensation scheme based on your organisation’s goals, or we can help develop and improve your existing scheme.

Experts in basic pay

Kiisa Hulkko-Nyman
BUSINESS DIRECTOR
p. 050 337 5482
kiisa.hulkko-nyman(at)mandatumlife.fi
Sini Jämsén
SENIOR CONSULTANT, REWARD AND COMPENSATION
p. 050 300 6578
sini.jamsen(at)mandatumlife.fi
Anna Ainesjärvi
SPECIALIST, REWARD AND COMPENSATION
p. 044 307 3002
anna.ainesjarvi(at)mandatumlife.fi
Mari Huuhtanen
CONSULTANT, REWARD AND COMPENSATION
p. 050 546 8915
mari.huuhtanen(at)mandatumlife.fi
Petra Airas
CONSULTANT, REWARD AND COMPENSATION
p. 050 422 1992
petra.airas(at)mandatumlife.fi
Marita Malinen
CONSULTANT, REWARD AND COMPENSATION
p. 050 302 1150
marita.malinen(at)mandatumlife.fi
Aleksi Harju
CONSULTANT, REWARD AND COMPENSATION
p. 050 424 5437
aleksi.harju(at)mandatumlife.fi