Making Sure Your Incentive Program Works
There is no mystery on whether your incentive program is capable of reaching your company's objectives when you have a detailed analysis to forecast success. Rule structure analysis will determine the most appropriate rule structure based on your objectives, budget, and performance improvement strategies. A projected ROI percentage can also be determined, allowing you to make an informed financial decision. In addition, program analysis during the course of the program can identify opportunities and challenges so that adjustments can be considered. All of this means you won't be in the dark about how your program is set up, whether it's running effectively, and if it's a success at the close.
Author:
Jay Bandi, Director, Business Analysis, Maritz Motivation
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