Short Term Incentive Plan
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Published: 2020 (4th edition)
The short-term incentive framework for the COMPANY aligns with a pay-for-performance approach in which employees are only rewarded (bonus pool) for achieving a certain level of predetermined performance objectives. A percentage of annual profits are allocated to a bonus pool for distribution at the year end.
The Short Term Incentive Plan consist of the following sections:
Benefits
This product is customizable to include your company logo and other company information. Instant product delivery (download link) in Microsoft PowerPoint and Excel format after payment confirmation.
You can download the product directly on the checkout page and you will receive a confirmation email with the download link.
The short-term incentive framework for the COMPANY aligns with a pay-for-performance approach in which employees are only rewarded (bonus pool) for achieving a certain level of predetermined performance objectives. A percentage of annual profits are allocated to a bonus pool for distribution at the year end.
The Short Term Incentive Plan consist of the following sections:
- Total Reward Model
- Plan Features
- Incentive Funding (top down approach)
- Performance Measurement
- Performance Weighting
- Bonus Pool Allocation
- Performance & Incentive Payout Matrix
- Plan Design Structure
- Incentive Example
- Incentive Calculator
Benefits
- Save time & money - creating a Short Term Incentive Plan is time consuming and expensive
- Linked to company profits
- Encourage better performance
- Employees share in business success
This product is customizable to include your company logo and other company information. Instant product delivery (download link) in Microsoft PowerPoint and Excel format after payment confirmation.
You can download the product directly on the checkout page and you will receive a confirmation email with the download link.