I need to design performance measurements, which will be used to award bonuses to the financial management staff of our manufacturing company. What metrics should I use for the CFO, controller, accounting manager, and cost accountant?
One sample arrangement between an employer and an employee. The employee gets “phantom stock”--an incentive used mainly in private companies.Read More
Sibson Consulting, the human capital consulting division of The Segal Company, recently reviewed a random sampling of large-company proxy statements filed with the SEC during February-March 2003. Sibson then analyzed recent trends with regards to short-term incentives, long-term incentives and ownership guidelines.Read More
We recently changed our "performance year" date (for performance reviews) to Dec. 31, although increases are still paid the following April. How long should someone need to be employed before being eligible to receive a prorated or full merit increase?
The first stage is to unwind the current plan. The second stage involves educating employees to the new date and other plan changes.Read More
Focus on three things: education, commitment, and results.Read More
Includes definitions; information about appeals; bonus award amounts; and performance factors.Read More
A plan used by a software company of 150 employees.Read More
Senators Carl Levin and John McCain would like to change the way you expense stock options.Read More
Brent Longnecker says hiring and retaining the right, quality people is a lot more efficient than hiring a large quantity of people to be laid off in slow times, based on ranking systems.Read More