How to Implement Incentive Plans 1.Link the incentive with your strategy. 2.Ensure that effort and rewards are directly related. 3.Make the plan understandable and easily calculable by the employees. 4.Set effective standards. 5.Guarantee your standards. 6.Guarantee an hourly base rate. 7.Get support for the plan. 8.Have good measurement systems. 9.Emphasize long-term as well as short-term success. 10.Take the corporate culture into consideration. How to Implement Incentive Plans 1. Link the incentive with your strategy. 2. Ensure that effort and rewards are directly related. 3. Make the plan understandable and easily calculable by the employees. 4. Set effective standards. 5. Guarantee your standards. 6. Guarantee an hourly base rate. 7. Get support for the plan. 8. Have good measurement systems. 9. Emphasize long-term as well as short-term success. 10. Take the corporate culture into consideration. 9