HOW TO DESIGN AND INSTALL MANAGEMENT INCENTIVE COMPENSATION PLANS:Practical Guide to Installing Performance Incentive Bonus Plans

This "How To" book illustrates the process of selecting plan participants, identifying performance measurements, evaluating performance to those measures and calculating appropriate bonuses. The book discusses types of bonus plans, laying out organization mission and objectives, commitment to quality, and definitions of planning terms. Procedures are described for evaluating existing plans, benchmarks for performance comparison and sensitivity testing of performance measures. The book discusses forms of awards and feedback and correction of the plan features and design.