Short-Term Incentives/Bonus Plans (STIPs)

At DolmatConnell & Partners, we believe in aligning compensation programs with company strategy and key business objectives.

We begin by assessing current short-term incentive plans (STIPs) for executives, management, sales staff and employees. A key objective for our recommendations is to align the entire organization with the company strategy.

A typical review and design of a STIP includes:

• Defining the plan and who it covers (executive, middle management, sales, etc.)
• Integrating the plan with your total reward strategy
• Defining target award levels
• Selecting performance measures and metrics
• Aligning payouts with performance metrics
• Modeling the financial impact of the plan