Shreya Shah (Company Secretary) 06 February 2008

Employee Incentive plan

Dear All,

We are planning to introduce a system of incentives for all our employees in the form of profit sharing. In this regard pls help me in defining the slabs based on which we can define the incentive scheme.

Thanking you in advance for your co-operation.

Regards

Shreya Shah

Reply Follow

2 Replies

Prakash Yedhula (Lawyer) 14 February 2008

You can plan your Incentive scheme as per the Targets given to the employees.Eg..... take the full % as 100 then bifurcate it.....

Manager Sales - 30%

Asst.Manager Sales -25%

Operations (including Sales Coordinators)- 20%

Admin - 15%

Back office - 10%

It is better to Plan the incentive scheme in consultation with the Sr.Sales Team and with HR Head.

partharajagopal (HR) 03 March 2008

Hi Concept is very important b4 going for an incentive plan 1.if u r a manufacuring sector use prodution as a tool to decide the incentive plan. u have to frame the policy for incentive plan for workers and then u have to give the incentive accordingly 2.For all other non-tech staffs go for performance based incentive for every month,quater.half.Framing some policy its a very nice subject to look if u like to know more ping me keep learining and sharing partha