Start with the Right Premise

Watch Recording:

Why do most company leaders dislike the bonus plan they provide their employees?

Well…there are many reasons, but most of them can be boiled down to just four words: Because it doesn’t work!

In other words, most leaders don’t believe the results their people are generating merit the incentive they are being paid. In fact, many leaders think their employees view their bonus as an entitlement. Their people fail to recognize that they need to create value before they should expect to receive value.

So, what’s the solution? How do you solve this problem?

Well, a good starting point is to watch this webcast. You will not only learn how to solve this dilemma, but we will show you how to create an incentive plan that pays for itself.

In this broadcast, we discuss:

  • Why most bonus plans fail.
  • What it means to build a bonus plan on the right “premise.”
  • Why you must define value creation before you design your bonus plan.
  • Why you need to transition from paying incentives to sharing value.
  • Why too many metrics make your plan unviable.
  • How to balance rewards for short versus long-term performance.
  • The core metric upon which every bonus plan payout should be based.
  • How to build an incentive plan that doesn’t cost the company anything.

VisionLink has been designing value-sharing plans for businesses for 25 years. We have advised hundreds of business leaders in both good and bad economies. We know what works. In this broadcast, we plan to share what we’ve learned with you.