article thumbnail

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

Insperity

But you can make up for its shortcomings by supplementing with the addition of one or more alternative incentive plan options out there: Bonuses: A one-time reward for attaining a goal (not necessarily year-end, within any agreed-upon time period). Start by doing industry research on the incentive plans used by your competitors.

article thumbnail

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

Insperity

But you can make up for its shortcomings by supplementing with the addition of one or more alternative incentive plan options out there: Bonuses: A one-time reward for attaining a goal (not necessarily year-end, within any agreed-upon time period). Start by doing industry research on the incentive plans used by your competitors.