Behavioral Economics Lessons for Smarter Incentive Plan Design
Behavior Economics is a field of study that considers the influence that psychological, emotional, and social factors have on decision making. Although it is often applied to how consumers make buying decisions but can also be applied to the design of variable pay...
Aligning Vision and Value – Evaluating and Designing Long-Term Incentive (LTI) Plans
While Annual Incentives motivate year-over-year performance, the purpose of Long-Term Incentive (LTI) plans is sustained company growth, key employee/executive retention, and shareholder value creation. LTI aligns the interests of your key leaders with the long-term...
Incentive Blueprint: Designing and Assessing the Health of Your Annual Bonus Plan
In a competitive market, you can’t rely on base salary alone to attract and retain employees. High-performing companies offer Short-Term Incentives (STI), most often with an annual performance period, that are aligned with both the competitive market for talent...