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when designing incentive plans there are several critical components you need to focus on to have an effective incentive plan a competitive target payout challenging yet realistic goals realistic metrics that can be tracked and have relevance to employees a simplified format with a modular structure in todays video were going to concentrate on the last component while the first three points are critical they are also situationally dependent and not the focus of todays video were going to look at how some universally applied concepts can really improve the effectiveness of your bonus plans so lets get into how to design a winning incentive plan and why its important this is greg from streamline hr solutions in my experience as a compensation professional i was tasked with preparing incentive plans for numerous roles through years of incentive plan design communication and calculation i picked up several tips that were critical for streamlining a plan or in my case multiple plans y
