Incentive Compensation Programs
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Agency Consulting Group, Inc. has pioneered ICP's in the insurance agency industry. Whether the employees realize it or not, all compensation depends on profitability and productivity. This program teaches this lesson in a way that creates financial incentives for growth and profit. Employees will no longer whine about the need for additional staff when faced with growing workloads. Instead, they will seek more effective ways to manage the business because a growing workload without additional staff means more money available for compensation to productive employees.
It is important to point out that this program does not put employees' salaries at risk. They will not be paid ""on commission."" However, they will learn and measure their own growth and profitability toward their search for pay raises. And they will understand that pay raises are not automatic and they do not depend on how hard one works. Pay raises depend upon the growth and health of the agency, department and productivity of the employees.
Agency Consulting Group, Inc.'s ICP is normally implemented in a three year cycle to make the process easy to understand and process, but can be accelerated, if desired.
Interested in Incentive Compensation Programs?
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Agency Consulting Group, Inc. has pioneered ICP's in the insurance agency industry. Whether the employees realize it or not, all compensation depends on profitability and productivity. This program teaches this lesson in a way that creates financial incentives for growth and profit. Employees will no longer whine about the need for additional staff when faced with growing workloads. Instead, they will seek more effective ways to manage the business because a growing workload without additional staff means more money available for compensation to productive employees. It is important to point out that this program does not put employees' salaries at risk. They will not be paid "on commission." However, they will learn and measure their own growth and profitability toward their search for pay raises. And they will understand that pay raises are not automatic and they do not depend on how hard one works. Pay raises depend upon the growth and health of the agency, department and productivity of the employees. Agency Consulting Group, Inc.'s ICP is normally implemented in a three year cycle to make the process easy to understand and process, but can be accelerated, if desired.
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