When it comes to setting annual incentives in times of uncertainty, the best way to start is playing with the incentive curve. During times of sudden change, maintaining your incentive program’s momentum is critical to retain top performers.
Flattening the incentive curve to change the relationship between pay and performance may be a strategy to pursue. It helps to mitigate some of the inherent variability while at the same time giving investors some sense of stability and direction.
As we all have to cope with uncertain times, Meridian can help you shift your annual incentive strategy to retain talent and keep investors happy.