Briefing Note 15 (Tamil) - Designing of Staff Incentive Scheme

This note lays out the principles and steps for designing effective staff incentive schemes. It focuses primarily on transparency and fairness in designing and implementing staff incentive scheme. It addresses critical design issues such as timing, frequency of incentive payout, and weight of bonus in total remuneration in implementing staff incentive scheme. The note classifies incentive schemes into five main categories—individual, team based, employees’ stock option plan, profit & gain sharing and delayed benefits and discusses the min features of each scheme. The note also outlines 10 major steps of designing an effective incentive scheme.

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