Emergence Human Capital - Products
Incentive Scheme Design
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Short-Term Incentive Scheme Design Short-Term Incentive schemes (STI’s) are typically used to reward and retain certain categories of staff, and/or superior performers. STI’s form a critical component of the Total Remuneration component of the pay mix, and is a common element in a well-established total rewards model. It is typically allocated/paid in addition to guaranteed pay. STI’s are the most common incentive type as it is a short-term goal that is set (up to 1 year), and can drive behaviour immediately and effectively for most categories of staff. Long-Term Incentive Scheme Design Long-Term Incentive schemes (LTI’s) are typically used to reward and retain certain categories of staff and/or superior performers. LTI’s form a critical component of the Total Earnings component of the pay mix, and is a common element in a well-established total rewards model. It is typically allocated/paid in addition to guaranteed pay and any form of short-term incentives.