PREDICTIVE AND ADAPTIVE RESOURCE PROGRAM MANAGEMENT SYSTEM USING CONTINUOUS DATA STREAMS AND RELATED METHODS OF USE
Systems and methods for online evaluation, selection, optimization and monitoring of organizations compensation program metrics are disclosed. A computer-implemented method for online incentive program optimization is disclosed. The method includes receiving over a network and from an administrator of an incentive program information relating to revenue, earnings before interest and taxes, revenue growth, earnings before interest and taxes growth, net income and other organizational goals. The method further includes using a processor to analyze the information relating to the organization's incentive program: (1) calculating the correlation between compensation program metrics and total shareholder return for the organization, (2) calculating the historical volatility of the compensation metrics, (3) evaluating relationships between metric total shareholder return (TSR) correlation and metric volatility, and (4) determining the mix of metrics that maximize TSR correlation and minimize metric volatility, generating a recommended adjustment of incentive program criteria and weights or weightings of incentive program metrics.
1 . A computer-implemented method for online resource program optimization, the method comprising:
receiving, over a network and from an organization representative, information relating to resource program metrics and organization's goals;
using a processor to:
analyze the information relating to the organization's resource program;
optimize the relationship of correlation and volatility between the information and one or more historical resource program metric data sets; and
generate recommended resource program criteria;
transmitting the recommended adjustment of resource program criteria over the network; and
receiving payment from a representative of the organization, the payment being provided in consideration for the recommended adjustment of the resource program criteria.
2 . The computer-implemented method of claim 1 , wherein analyzing includes performing mean-variance analysis of risk and total shareholder return correlation of each resource program metric and combinations of these metrics.
3 . The computer-implemented method of claim 1 , wherein analyzing includes receiving over the Internet information relating to an organization's stock value.
4 . The computer-implemented method of claim 1 , wherein generating a recommended adjustment of the resource program includes generating a report on the changes in metrics and metric weightings suggested for the resource program.
5 . The computer-implemented method of claim 1 , the method further comprises:
prior to using the processor to analyze the information relating to the organization's resource program, uploading to a database historical data relating to resource program metrics, wherein the database is in data communication with the processor.
6 . The computer-implemented method of claim 1 , the method further comprising:
transmitting a metric analysis and award program optimization report over a network to a server system accessible to an organization representative, wherein the report includes a recommended adjustment of resource program criteria.
7 . A computer-implemented method for online incentive program optimization, the method comprising:
receiving, over a network and from an organization representative, information relating to incentive program metrics including revenue, earnings before interest and taxes, revenue growth, earnings before interest and taxes growth, net income and organization's goals, wherein the information is inputted by the organization representative into a dynamic user interface via a computing system;
using a processor to:
analyze the information relating to the organization's incentive program;
optimize the relationship of correlation and volatility between the information and total shareholder return; and
generate recommended incentive program criteria;
transmitting the recommended adjustment of incentive program criteria over the network; and
receiving payment from a representative of the organization, the payment being provided in consideration for the recommended adjustment of incentive program criteria.
8 . The computer-implemented method of claim 7 , wherein analyzing includes performing mean-variance analysis of risk and TSR correlation of each incentive program metric and combinations of these metrics.
9 . The computer-implemented method of claim 7 , wherein analyzing includes receiving over the Internet information relating to an organization's stock value.
10 . The computer-implemented method of claim 7 , wherein generating a recommended adjustment of incentive program includes generating a report on the changes in metrics and metric weightings suggested for the compensation program.
11 . The computer-implemented method of claim 7 , wherein the dynamic user interface is accessed by the organization's representative using a computing system connected to a private electronic network.
12 . The computer implemented method of claim 7 , wherein transmitting the recommended adjustment of incentive program criteria over the network includes displaying a graph of the incentive program metrics versus the metrics correlation to total shareholder return within the dynamic user interface.
13 . The computer implemented method of claim 7 , wherein transmitting the recommended adjustment of incentive program criteria over the network includes displaying a quality rating for each incentive program metric.
14 . The computer implemented method of claim 7 , wherein the dynamic user interface comprises a web platform accessible over the Internet, a mobile platform accessible via a mobile device, or a private server platform accessible via user's internal intraweb.
15 . A system for online optimization of compensation program metrics, the system comprising:
a physical storage media storing instructions for optimizing compensation program metrics; and
a processor configured for:
receiving, over a network and from an organization with a compensation program, information relating to the compensation program;
analyzing the information relating to the compensation program;
generating recommended adjustments to the compensation program;
transmitting the recommended adjustments to the compensation program to the organization over the network; and
receiving payment from the organization, the payment being provided in consideration for the interest in the recommended adjustments to the compensation program.
16 . The system of claim 15 , wherein analyzing includes (1) calculating the correlation between compensation program metrics and total shareholder return for the organization, (2) calculating the historical volatility of compensation metrics, (3) evaluating relationships between metric TSR correlation and metric volatility, and (4) determining the metrics that maximize TSR correlation and minimize metric volatility.
17 . The system of claim 15 , wherein the process is further configured for displaying the recommended adjustments to the compensation program in a dynamic user interface accessible to the organization.
18 . The system of claim 15 , wherein receiving information relating to the compensation program further includes receiving historical metric data relating to the organizations compensation program and historical metric data of at least one other organization.
19 . The system of claim 15 , wherein transmitting the recommended adjustments to the compensation program to the organization over the network includes transmitting at least one Matric Analysis and Award Program Optimization Report over the network.
20 . The system of claim 15 , wherein receiving, over a network and from an organization with a compensation program, information relating to the compensation program includes receive information transmitted from a dynamic user interface.