Maximize the Effectiveness of Short-Term Incentive Plans Storyboard Sample
Build an effective short-term incentive plan (STIP) that is aligned with organizational objectives, drives key behaviors, and is clearly communicated to participants. This storyboard will help you:
- Align the STIP with key strategic priorities.
- Design the STIP.
- Plan the STIP payout.
- Communicate, monitor, and review.
Use this storyboard to develop a focused and relevant short-term incentive plan.