4 Keys to Incentive Compensation Success in an Uncertain Economy

The COVID economy has likely caused you to rethink your compensation approach and forced you to confront some difficult questions: Should incentive compensation play a larger or smaller role in your pay strategy going forward? What’s more important—rewards for short or long-term performance? Better yet, should you even be offering incentives at all given the current uncertainty in the business environment?

VisionLink and EBS would like to help you answer those questions. In this webcast, you will learn why incentive plans are more important than ever and how they should be engineered in a post-COVID business world. We will show how the right approach to value-sharing can help you succeed any economy and inspire a balanced result in your employees’ performance.

Over the past 20 years, VisionLink and EBS have developed incentive compensation and executive benefit plans for hundreds of businesses. We have advised chief executives in virtually every industry during both good and bad economies. We know what works and how to build plans that provide the solutions you seek.

In this presentation, you will learn:

• Why incentive plans, as traditionally designed, won’t work in the new economy.
• Why value-sharing is replacing incentive compensation as the best way to reward employee performance.
• How to build a rewards plan on the “right premise” so it effectively promotes value creation.
• How to determine the foundational metric on which your value-sharing plan should be built.
• How to balance rewards for both short and long-term value creation.
• How to align your executive retirement plan with your value-sharing approach.
• How to ensure your pay for performance approach is “self-financing.”
• Why less is more when it comes to setting metrics for your value-sharing plan.