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Executive Incentives
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Payroll Home » Compensation » Incentive Management » Executive Incentives
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Organizations offer heavy incentives to executives to retain the talented workforce. The immense competition in the market has forced the organizations to offer lucrative compensation packages. Performance based incentives comes out to be the only solution for the demand-supply disparity. Who works- receives the appreciation and who does not works- lacks behind.
Incentives are more effective in the marketing segment as it results in more and more sales. The business development executives strive for more incentives and in the effort produce more business and receive heavy perks.
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Figure: Executive Incentives
The issues that have come up related to executive incentives are:
- People believe that the incentives offered to the executives are much more than what the stockholders receive.
- Some people also criticize the appraisals blaming the time duration given in achieving the set performance standards.
- Some people also complaint of the un-fair distributions of incentives. They believe that team members actually work and more appreciation is given to the team leader.
- Some people also complain that more incentives are given to place the organizations on top of the salary surveys conducted by the respected research organizations.
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