Incentive plans have become valuable tools for driving employee productivity and profitability within several types of organizations. Manufacturing plants, healthcare organizations and even U.S.

Although incentive plans are meant to incent employees to perform, not all plans achieve what they were set out to accomplish. That’s why it is important to analyze the advantages and disadvantages of ...

The need for employee incentive plans cannot be understated. They function as rewards that motivate workers to achieve set goals and challenge them to achieve even more. In turn, this motivation ...

Ask yourself one question: Is your incentive plan changing employee behavior in a way that drives better business outcomes? If the answer is no, it’s time to rethink your strategy. Profit sharing, ...

Let’s begin by clearing the variable-compensation air, because there’s a lot of confusion out there. Profit sharing, stock awards, individual bonus plans, and the like—the usual staples of variable ...

Company success rests on the performance of employees. As organizations look at ways to reward and motivate their workers, recognition methods have come a long way from a pat on the back and upgraded ...

As pharmaceutical companies become increasingly focused on retaining key sales people, they continually consider ways to leverage variable compensation as a strategic tool for maximizing the return on ...

Many companies pay out bonuses at the end of January. Economist David Schindler investigated whether bonuses work in modern work environments, where teams have to solve complex problems together. His ...

The Wellness Incentive Program is designed to help you improve your health and wellness, increase workplace wellness, and cultivate a culture of health. To get ...