The main design aims of OTA's short-term incentives are:
- To focus executives on a particular outcome or achievement over the next 12-month budget cycle;
- To provide participation in organisational overachievement, i.e. a direct link between organisational performance and reward; and
- To motivate executives to short-term overachievement.
There are three forms of short-term incentive:
- Discretionary bonus plans;
- Profit pool plans; and
- Target based plans.
Contact OTA to further discuss how a short-term incentive could assist your organisation.