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[Dutch]

We're a small company(~20 employees) and we're trying to come up with a compensation package for our executives. We want to incent them to grow revenue, but don't want to bleed the company dry in the process. Ideally we'd like a very simple formula, that doesn't have too many factors that could be manipulated.

[Laine]

The company I used to work for was a bit larger(nearly 80 employees), but a simple incentive package Our executives were in 6 areas. Sales, operations, construction, service, repair, administration.Each 2 years, the executive team, and 5 invited members of the non-executive staff met to build a strategic plan and one of those strategies was planning incentives for our bosses.Basically, it went like this: our managers got a fairly low base salary, then could as much as double their pay by meeting several benchmarks within their area as well as the company meeting several overall benchmarks. In sales it was sales, but overall and specific systems, In service, it would be things like retention of contarcts, customer satisfaction ratings....Hope that helps some. Sources: My answer awarulz 80 months ago Please sign in to give a compliment. Please verify your account to give a compliment. Please sign in to send a message. Please verify your account to send a message.

[Gerd]

Our executives were in 6 areas. Sales, operations, construction, service, repair, administration.Each 2 years, the executive team, and 5 invited members of the non-executive staff met to build a strategic plan and one of those strategies was planning incentives for our bosses.Basically, it went like this: our managers got a fairly low base salary, then could as much as double their pay by meeting several benchmarks within their area as well as the company meeting several overall benchmarks. In sales it was sales, but overall and specific systems, In service, it would be things like retention of contarcts, customer satisfaction ratings....Hope that helps some.