Description:
Develop an incentive program to drive employee motivation and business performance.
Duration: 6-10 weeks
Major Activities:
- Define business goals and key performance indicators (KPIs)
- Design incentive models (commission, bonuses, profit-sharing, etc.)
- Align incentives with organizational and departmental objectives
- Conduct financial impact analysis and budget planning
- Develop implementation and communication strategies
- Monitor program effectiveness and refine as needed
Deliverables:
- Performance-based incentive framework
- KPI and target-setting guidelines
- Budget and financial impact assessment
- Communication and rollout plan
- Monitoring and evaluation framework
Project Tips:
✅ DO:
- Align incentives with measurable business results.
- Ensure fairness and transparency in payout criteria.
- Regularly review program effectiveness.
❌ DON’T:
- Offer incentives that don’t drive desired behaviors.
- Overcomplicate payout structures—simplicity improves engagement.
- Forget to communicate expectations clearly.