Creative Approaches to 3-Year Plans

When your organization looks to the future, how far do they look? A ten-year strategic plan seems like a relic of a bygone era; in the post-Covid economy, even a five- or three-year plan can change overnight. Still, the three-year plan remains a constant for many companies. It splits the difference between short-term and long-term incentive plans. In this brief video, Jim Heim, Partner at Meridian Compensation Partners, explains the creative ways companies build compensation programs that attract and retain executives while making room for unexpected changes.