3 Rules for Building an Effective Incentive Plan

To achieve your short and long-term financial goals, you must reward the right kind of performance. Because you want your employees to "own" results, not just do their job.  Those results should be tied to a well-defined value-creation standard upon which all financial rewards are based.

So how do you create incentive plans that ensure the value-creation standard is met?

You follow the three rules this webcast will introduce.

As a bonus, this broadcast will introduce you to VisionLink Direct, an online tool for creating, communicating and operating effective incentive plans. 

 

In this webcast, you will learn:

 

🔹Why you need a compensation philosophy statement and what it should include.

🔹How to build your incentive plan on the right premise.

🔹How to transition from incentives to value-sharing, and why your variable pay plans will be ineffective until you do.

🔹How to balance rewards for short versus long-term performance.

🔹How to effectively communicate your rewards plans.

This broadcast will include an introduction to VisionLink Direct, the only software available that empowers you to envision, build, introduce and manage your short and long-term value-sharing plans.