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