Remove Bonuses Remove Commissions Remove Consulting Remove Piece Rates
article thumbnail

Is Your Annual Incentive Pay Plan the Right Fit For Your Business?

Insperity

In 2014, 90 percent of publicly traded firms offered such plans, according to a WorldatWork and Deloitte Consulting LLP report. Commissions: Financial reward given as a percentage of each incremental sale (best for sales employees). Overall, the most common strategy is an annual incentive pay plan. And finally, talk to your employees.

article thumbnail

Is Your Annual Incentive Pay Plan the Right Fit for Your Business?

Insperity

In 2014, 90 percent of publicly traded firms offered such plans, according to a WorldatWork and Deloitte Consulting LLP report. Commissions: Financial reward given as a percentage of each incremental sale (best for sales employees). Overall, the most common strategy is an annual incentive pay plan. And finally, talk to your employees.