more-arw search

Q&A Forum

How effective is incentive compensation?

Carol Johnson's Profile

What have you and your company found to work best when offering incentive compensation? What hasn't worked?

Answers

Ernie Humphrey CTP
Title: CEO & COO
Company: Treasury Careers
LinkedIn Profile
(CEO & COO, Treasury Careers) |

Carol, I have moderated a few webinars for Proformative on this topic. You might find the webinar recordings useful:The Science of Incentive Compensation Programs: The DNA of What Works (https://www.proformative.com/events/science-incentive-compensation-programs-dna-what-works), and Achieving Growth and Profitability through Better Compensation Planning (https://www.proformative.com/events/achieving-growth-profitability-through-better-compensation-planning).

Also, I contributed a blog, Incentive Compensation: The Anatomy of Competitive Advantage ( https://www.proformative.com/blogs/ernie-humphrey/2014/12/05/incentive-compensation-plan) based on one of these webinars that may also offer a bit of insight.

Mark Matheny
Title: VP - FInancial Planning and Analysis
Company: Novolex (formerly Hilex Poly)
(VP - FInancial Planning and Analysis, Novolex (formerly Hilex Poly)) |

Taking the best of various companies' plans I have been involved with: One set of goals for all employees that is available on a consistent basis. EBITDA, for example. (Individual performance is a separate measurement that impacts merit increase, not incentive.) Uncapped so there is a desire to keep driving improvement. Consistent plan for a number of years rather than changing the metric every year. (Base may change, but metric is consistent.)

1333 views

Get Free Membership

By signing up, you will receive emails from Proformative regarding Proformative programs, events, community news and activity. You can withdraw your consent at any time. Contact Us.

Business Exchange

Browse the Business Exchange to find information, resources and peer reviews to help you select the right solution for your business.

Learn more

Contribute to Community

If you’re interested in learning more about contributing to your Proformative community, we have many ways for you to get involved. Please email content@proformative.com to learn more about becoming a speaker or contributing to the blogs/Q&A Forum.