Short-Term Incentives. Those additions to base pay provided to employees within the current year. Short-Term Incentives. In reviewing opportunities for granting short-term incentives, employees must be viewed from four different perspectives: Individual contributors Team members Work units
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Defined and Proscribed By:
Hazardous WorkPremiums & Differentials
The size of the bonus pool from which management short-term incentives are taken is normally determined by some form of profit measurement.
The measures used will vary by organization and they are normally formula driven plans with one or more of the following characteristics:
Profit Before Taxes
Profit After Taxes
Return On Equity
Return On Invested CapitalAggregating Employees ForIncentive Opportunities
Total labor cost / sales value of production .
Depends on the reduction in costs below the preset ratio.
Formed in each major department and is used to tap into the imagination and ingenuity of the workers.