Annual Incentive Programs

Annual Incentive Programs are plans covering that provide incentive pay based on short-range performance (typically performance over 12 months or less). Annual Incentive Programs may consist of short-term incentives, and may include a component tied to long-term incentives. The form of payment of these incentives may be stock-based, cash-based, or a combination of both.

The goals of an incentive program are to:

• Attract and retain key employees
• Increase productivity and profitability
• Focus attention on the achievement of desired goals and objectives
• Encourage and motivate involvement
• Cut costs

In order to achieve these goals, Annual Incentive Programs focus attention on desired company results, tie pay to performance, provide "at-risk" compensation, and provide a competitive total cash compensation package.

To find out more on how Compensation Resources, Inc. can help your company with Annual Incentive Programs , please contact us or call us directly to speak with our compensation consultants at 877-934-0505.