Benchmarking:
Incentive Compensation Excellence
Drive performance of your sales organization through excellence in IC.
Benchmarking:
Drive performance of your sales organization through excellence in IC.
TGaS Advisors’ Incentive Compensation Excellence (ICE) suite helps companies drive excellence in their incentive compensation (IC) plans. Our experience has shown that executing on these initiatives is a hallmark of high-performing incentive compensation teams.
Assess your IC plans, processes and administration vs. industry benchmarks and best practices
Communicate your IC results with key stakeholders through the use of a customized one-page performance dashboard
Gain a deep understanding of how your IC plans are performing vs. their design parameter and industry standards
A network of IC leaders working to develop world-class programs and processes
Determine and benchmark your field team’s understanding and motivation of your IC plan
Drive process excellence for your IC plans.
Optimizing incentive compensation plans and processes is an important part of every IC leader’s job description. The ICE Benchmark Assessment evaluates and benchmarks those processes, allowing you to make fact-based decisions to drive process excellence.
Areas of Focus
Deliverables
Ensure the ongoing health of your IC investment.
The ability to effectively communicate incentive compensation plan performance to stakeholders is critical to driving stakeholder engagement and understanding. Knowledgeable and engaged stakeholders are more satisfied and partner more closely with incentive teams, leading to better outcomes. ICE Dashboards consolidate IC results into a single page that is easily understood by stakeholders. Using TGaS Advisors’ experience with IC, we have collected the leading indicators of IC plan health and deliver them to our clients on a monthly basis.
Areas of Focus
A comprehensive suite of services to ensure the ongoing health of your IC investment
Deliverables
Monthly dashboards that include the following:
How is your plan performing?
Understanding how your incentive plans are performing vs. expectations is an important part of the plan design process. In addition, a complete understanding of how your plans are performing allows you to make informed decisions regarding when, how and why to make adjustments to your incentive plans.
Areas of Focus
An in-depth root cause analysis of the issues impacting the performance of your IC plans
Deliverables
IC leaders working to develop world-class programs and processes
Incentive compensation plans continue to be a significant driver of organizational success. With that in mind, TGaS Advisors created the ICE Network to enable IC leaders to gain the benefits of a network of compensation professionals.
Areas of Focus
Information and insight across a range of IC challenges
Deliverables
Gain field perception to help drive success for your IC plans
Field perception of the incentive compensation plan in terms of plan understanding and motivation is critical in delivering sales success. TGaS Advisors’ ICE Voice of Stakeholder process brings a comprehensive approach to surveying the field and includes TGaS benchmarks. Leaders can gauge participants’ satisfaction with plans and compare those results to industry benchmarks.
Areas of Focus
Field satisfaction, motivation and understanding
Deliverables
Information and advice from industry experts and peers, including advisory support, landscapes, Virtual Hows, semi-annual Summits, and more (available to the TGaS Advisors Client Network).
If you have any questions, we’re here to answer them.
We look forward to helping identify solutions for you.