CompensationLong Term IncentivesSimulated EquityAltenative Approaches Annual IncentivesAltenative Approaches Team Based Rewards

Objectives  

  • Link Individual / Team Performance measures to organizational goals.

  • Foster excellence in workplace.

  • Enhance teamwork & Collaboration.

  • Focus efforts on serving the customer.

Myths and Realities About Incentives

MYTHS

REALITY

  • All management people in industry are paid an incentive.
  • The leverage must be high.
  • Act as a stand-alone single solution.
  • Can be used to motivate radical changes in behavior or performance.

  • Many mangers in industry are paid only a base salary.

  • Modest incentive plans can be just as effective.

  • Part of a complex management process.

  • Incentives can influence behavior and performance.

 

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