In this session, you will learn how to create an effective incentive plan for your employee-owned organization. The primary purpose of an incentive plan is to shape employee behavior towards improving the financial performance of the company. To help you achieve this goal, the presenter will share the following concepts and tools to assist with your design of a self-funded and supported incentive plan: 1) The philosophy and science behind using an incentive plan as an important tension tool to drive performance in your organization, 2) The six most common incentive plan design mistakes and how to avoid them, 3) The ten core components of incentive plan design, and 4) Tools to help link work activities more strongly to the incentive plan, driving company growth and long-term ESOP value. NCEO Resource: The Decision-Maker's Guide to Equity Compensation
Learning Objectives:
Understand the philosophy and science behind using an incentive plan as an important tension tool to drive performance in your organization
Learn how to design a self-funded incentive plan that is simple to explain, understand, and administer
Discover tools to help link work activities more strongly to the incentive plan and overall business performance