Create an Effective Short-Term Incentive Plan Storyboard

Author(s): Rachel Stewart, Helen Fisher, Laura Ribadeneira

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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.

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