you also want to make sure your business is able to consistently deliver on the incentives you’ve promised to employees. If you fail to make accurate, consistent, and timely payouts, employee engagement, morale, and trust in leadership will suffer.
Provide transparency to employees
Your employees should be able to understand. How their performance tracks to their goals. What specifically they’re getting paid for. And how to access and understand their incentive. Compensation statements.
Review and adjust incentive plans regularly.
If an incentive plan isn’t. Working out as intended (or at all), then it needs to be adjusted before. It does more harm than good. We recommend reviewing your goals and kpis at least thailand phone number list quarterly in order to catch and resolve issues before they happen.
Invest in incentive compensation management tools
what systems or tools do you have in place to help you manage and maintain the manual work that often goes into managing an incentive program? Be sure you have the answer to cn leads this question before rolling out your plan. If you have a large team or limited bandwidth, you’ll williams-sonoma want to explore incentive compensation management solutions that can help keep your program operating smoothly.
