The Planning of an Incentive Program

An article about Incentive Programs

It's advisable for you to put your initial thoughts on paper as a broad outline, then fill in the specifics, once you have identified the major components. It is often easier to apply incentives where the results can be measured with reasonable accuracy, or statistically compared to some previous result. To ensure the success of your incentive program, you must place most emphasis on:· 

• The achievability of the standards or targets you are encouraging participants to achieve.· 
• The reliability and/or availability of the system or people you use to record the results.
• If comparing current activities with the results from a previous period, you must be careful to check the earlier figures you use are reliable and directly comparable in concept and detail, and are seen as such by the contenders in your scheme.
• If you are use existing levels of activity as a starting point and are planning to use incentives to improve results in the future, you must be sure that the participants are given the time and the tools to have a realistic chance of success in meeting the new targets.
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