Draft clear and understandable explanations of the short-term incentive plan (STIP) to communicate the program to participants, address concerns, and alleviate potential confusion. Use the STIP Overview Template to document:

  • Key organizational objectives
  • STIP components
  • Performance measures
  • Weightings
  • Modifiers
  • Circuit breaker
  • Payouts
  • Administration
  • Resources and Appendix

Use this template to create a document that can be used as a reference for STIP participants.

Solution Set Steps

  1. Align the STIP with key strategic priorities
  2. Design the STIP
  3. Plan the STIP payout
  4. Communicate, monitor, and review
    • Short-Term Incentive Plan Overview Template

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