Incentive Scheme Design
Incentive Schemes (Short and Long term) are used to reward and retain superior performers and employees. It is variable pay in addition to guaranteed pay and may change substantially from year to year, based on various variables.
Typically, performance of either the individual / company, or both, would determine the eligibility. quanta and mechanics of the incentive scheme, and should of course be linked to the Performance The schemes could be paid annually or over a longer period of time, dependent on the behaviours the organisation wishes to drive.
There are a number of types of incentive scheme: performance bonus, gain share, profit share, deferred cash, share options etc. Each scheme designed by Emergence Human Capital is carefully considered, designed, modelled & tested, and is aimed at driving the results and strategic objectives of the organisation.