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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. Piece rate incentives: Compensation based on the level of individual output produced (best for manufacturing or production roles). So what does that mean for your business? You shouldn’t.

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. Piece rate incentives: Compensation based on the level of individual output produced (best for manufacturing or production roles). So what does that mean for your business? You shouldn’t.