An in-house incentive compensation management (ICM) solution might look like an attractive and lucrative option at first, but there are often many disadvantages that start surfacing as soon as you start building it.
Compensation plans are strategic assets that help your company build and sustain a competitive advantage. Organizations must consider all the factors, risks and limitations that come with developing and maintaining a homegrown system.
So, should you build your own homegrown ICM solution and continue to muddle through via spreadsheets and uploads/downloads, or is there a better way?
With this Build vs. Buy infographic, we've made it easier to consider all of the factors to help you determine what’s right for your incentive compensation programs.
Take a look and make sure to download the full guide here!