Employee Incentive Program
Available from Fox Lawson & Associates, a Division of GBS
Incentive compensation systems are in place in companies across the nation. In many industries, salary isn't enough to attract and retain good employees anymore. Workers expect incentives beyond monetary compensation. The tough competition for employees among employers in similar industries has driven this expectation, as employers have offered increasingly more elaborate and generous compensation packages to both workers and applicants. Many times, all a valued employee has to do is threaten to quit in order to be offered a fantastic array of perks and incentives if he will just stay. No employer wants an opening to go unfilled for months or even years while a search goes on for just the right replacement.
Incentive compensation programs are extremely varied and can include such things as:
Paid time off
Generous signing bonuses
Paid maternity leave