article thumbnail

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

Insperity

You need to develop an effective incentive plan. An annual incentive pay plan should: Reward high performance. When it follows these rules, annual incentive pay undoubtedly achieves the intended goals of an incentive plan. Where annual incentive pay plans fall short: “equal pay”. You shouldn’t.

article thumbnail

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

Insperity

You need to develop an effective incentive plan. An annual incentive pay plan should: Reward high performance. When it follows these rules, annual incentive pay undoubtedly achieves the intended goals of an incentive plan. An annual incentive pay plan is the most common choice because it meets most business needs.