May 2022
Intermediate to advanced
288 pages
7h 6m
English
Content preview from Reward Management, 3rd Edition
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Long-term plans
Bonus plans, covered in Chapter 10, are contingent pay for a period of up to one year. In this chapter I cover long-term plans which provide potential financial value to the recipient over a period of more than one year. Typically, long-term plans deliver value in around three years.
Long-term plans aim to support retention and long-term performance as a balance to an annual plan that, by definition, rewards annual outcomes. There are two main categories of long-term plan: those paying out cash and those using company shares.
Role of long-term plans
There are many reasons why long-term plans are used for executives and employees, which I will discuss. The main ones are shown below:
Executives:
To align the interests of the ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.