How Many Incentive Plans Should Your Company Have?
If you lead a business, that can be a difficult question to answer. Should you have both a short-term and a long-term incentive plan? Should each be the same for all employees or should they differ? If the plans are different, what distinguishes them? And how are participates for each plan determined? I could continue, but you get the idea. If you aren’t careful, you can get carried away in your approach to rewarding performance—and end up...Read More