A Compensation Adviser
As described so far in this chapter, compensation plan design includes decisions regarding the compensation level and mix (salary versus incentive), the measures of performance, and performance-payout relationships. Designing a good plan is a challenge. However, implementing a new plan is even more challenging. This section provides advice on how to implement successfully in a number of common situations.
|Payment Schedule||Cumulative Payment|
|First-quarter payment||15% of annualized incentive payment based on firstquarter results.|
|Second-quarter payment||35% of annualized incentive payment based on firstand second-quarter results.|
|Third-quarter payment||60% of annualized ...|