Incentive Programs: What Employers Need to Know
Most businesses use some form of incentive program to motivate employees. Directly linking compensation to performance can often achieve short-term business goals, such as increasing productivity, reducing problematic behaviors, and improving retention and morale. But this approach is not without its problems; in particular, employers need to be aware of the legal ramifications.
In this seminar, attendees will learn:
- The potential legal pitfalls of using a monetary incentive program
- The pros and cons of different incentive pay schemes
- How to implement an effective incentive program
- How to draft and operate an employee bonus scheme
CPD Hours: This program is eligible for up to 1.5 substantive hours.
Presenters:
Jonathan Dye, Hina Saeed and Marina Schellenberg
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