Business Minute: Incentive Pay

The positive relationship between incentive pay and performance cannot be refuted. However, many plans can be ineffective or worse – cause issues – in the workplace. Preston Handler, associate partner at Aon Hewitt, discusses incentive pay including top mistakes to avoid, what a proper plan should include, and how to introduce a pay plan to your employees.

• Incentive pay
• Difference between bonus and commission
• Top mistakes
• What to include
• Most important point to remember