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Millions of Americans have been laid off or furloughed due to COVID-19. But as employers recover and shift their focus forward, they are faced with a new question: What does this financial uncertainty mean for my firm’s incentive plans?
Long-term and short-term incentive plans are a key component to any total rewards program. They provide a form of variable pay that is added to base salary and benefits. If the company performs well, the incentives will be higher.
Maddy Simpson is a reporter for Employee Benefit News and Employee Benefit Adviser. Contact her at madeline (dot) simpson (@) arizent (dot) com.
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