Compensation plan modeling gives companies the confidence to respond promptly to market opportunities by reducing the risk of change and dramatically increasing the accuracy of variable compensation planning, budgeting and forecasting.
Incentive Compensation Management (ICM) has gained traction in recent years because corporations recognize its potential to profoundly affect both the top and bottom lines. Companies can preview the effects of business volume forecasts as well as changes to compensation plans or organizational structure. This foreknowledge can help them generate revenues while they manage cost and risk.
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