Astronology®: 2020 Compensation Budgeting Forecast Part 2: Incentives, Bonuses, and Variable Compensation
SEPTEMBER 17, 2019
Aon (Hewitt Associates) [link]. The top five retention incentives for millennial employees are: additional bonuses or financial incentives (44 percent). Why incentive Plans Fail: They seek to change or control behavior. Second, the Incentive payment must be directly tied to performance criteria achievement with no “discretionary” exceptions. In the meantime, however, we’d love to hear your thoughts on incentive compensation!