Designing an incentive compensation plan

I recently came across this excellent blog providing a simple overview about how to put together an incentive plan. Most businesses think that incentivising employees and developing an incentive plan needs to be complicated, but it doesn’t need to be!
The end goal of an incentive plan is aligning the business objectives with what is needed from your employees and striking a fine balance. As the employer you should know your strategic plans for success and growth, therefore it’s just a matter of finding out what matters to your employees.

Finding the right balance and ensuring that all measures are realistic will ensure a simple but effective incentive plan.

Checkout the full article at www.hr.com

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