Description
Gain a better understanding on how to create and implement an efficient incentive compensation plan for employees.Congratulations, you have successfully designed a new incentive compensation program. However, you are not done yet. How do you know that your incentive pay plan is compliant with hourly staff rules? You may be creating an underpayment situation and might become liable to pay backwages. Is your executive bonus plan creating a risk to your organization in the form of IRS mandated excise taxes? Do you have sales representatives in California? Incentive pay appears in several forms broadbased general incentives, executive compensation and sales compensation. This topic helps you become educated on compliance topics after you have designed the plan. The material will also assist you with tools on how to design effective incentive compensation plans and how to assess current plans from both a design and compliance perspective. Recent studies cited will also share highlevel statistics on the prevalence, participation rates and expenditures related to incentive compensation.
Date: 2019-11-20 Start Time: End Time:
Learning Objectives