People do a better job when they know exactly what is expected
of them
and are given clear and supportive feedback on how they have done.
For First Group, we developed 5 objective financial measures
of claims
handling work and results. Against these 5 measures,
targets and
benchmarks can be set, either for the individual, their team
or the whole
department / Company.
Each month, each handler had their own results discussed with
them and a
score agreed leading to an annual score that was then used for bonus
purposes as well as training needs identification.
This resulted in a decrease in the average cost per claim as well
as a significant increase in morale / productivity and greater transparency in the management of the incentivisation and remuneration policy.
C-MAS can adapt these measures and benchmarks to suit any organisation
and its objectives.