In a fiercely competitive market that takes sophisticated levels of service delivery and operational efficiency for granted, companies need to have reliable ways of driving performance among managers and staff alike.

A crucial part of this is using incentive schemes and performance management practices that genuinely motivate staff to contribute to business goals.

We have extensive experience in designing and reviewing executive incentive schemes and reward based performance management systems.

Your aim may be to have a simple transactional approach in which rewards are based on the achievement of a narrow range of easy to measure work outputs.

Alternatively you may want a more integrative system; one that reliably captures a broader range of financial, service and cultural goals, and reflects a more profound integration of business and individual interests.

Our consultants have specialist expertise in developing systems that capture quantifiable outputs as well as reliable qualitative measures. We specialise in developing systems that support the maintenance of behavioural standards that are vital to ongoing business success.

We can independently assess the robustness of incentive payment structures by comparison with industry practice. And we can show you how to accurately measure the impact of systems in achieving their desired outcomes.

Benefits of using Meyrick

Breadth of experience: Our consultants include former executives who bring you more than 20 years experience in assisting companies and government agencies throughout Australia and overseas.

Strategic and practical: Our work has earned us a reputation for developing solutions that address our clients' interests in a practical and sustainable way.

Long-standing partnerships: We value highly our long-standing relationships with our clients. We strive to build these relationships by working side by side with them rather than adopting a distant advisory position.

Committed to professional excellence through multi-disciplinary learning: Our key source of competitive advantage is our practical and analytical resources. So we continuously invest in these through formal and informal learning for all of our staff.

Some of our Projects

Consortium of Transport Sectors Players: Comparative study of performance management system practice

Sydney Ports Corporation: Reward based performance management system

Illawarra Technology Corporation: Executive incentive scheme review and redesign

Victorian Channels Authority: Design of team based performance management system

Waterways Authority: Performance management system review and design

Department of Local Government: Design of performance management system

Shoalhaven Water: Development of KPIs

Marine Safety Tasmania: Design and implementation of corporate planning and performance management systems

University of Wollongong: Review of corporate planning system, and assistance with implementation of performance management system

Kell Lawyers: Design of performance management system for associates.

All sorts of stimuli can trigger the need to take stock of how your organisation is functioning. It could be that a part of it is not performing to your expectations. Alternatively you may want to modify business direction in response to a market opportunity or need.

Whatever the trigger, Meyrick and Associates can provide you with an independent, balanced review of the fit between elements within the organisation or between the organisation and the external environment.

Alternatively, you may wish to gain an independent view of the risk associated with a particular venture. As well as assessing the venture's market strength, we can evaluate the operational strengths and weaknesses of the venture.

Through a blend of quantitative and qualitative analysis we can determine: