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Peer2Peer Exchange 1: Bonus & LTIPs
P2P DIGITAL MEETING
Designing Bonus and Long Term Incentive Plans
Intended to motivate staff, improve retention and reward performance, how are PARC members refreshing or creating new structures for bonus and incentive plans?
Recognised as a critical component of a competitive reward strategy, how are bonus and LTIPs being designed in order to drive organisational performance and desired colleague behaviours? Are we seeing anything new?
At our first Peer2Peer exchange of 2024 we will discuss how members are not only structuring incentive programmes but also how they are being communicated to colleagues and the positioning of any innovation with relevant stakeholders. There will be an opportunity to discuss the design taking place at both executive and wider workforce levels of your organisation.
We will also look at market trends including the ‘what’ of what is being measured, and the use of malus and clawback provision.
We’ve received a lot of queries about bonus and LTIP design in the last few months, including how to decide and quantify traits or ‘targets’, so we expect this to be a practical session with plenty of reason practice, experience and insight shared.
This will be a digital peer exchange open to all of our PARC members.
Facilitated by Karen Clark, our Peer2Peer Exchanges provide a forum for open and confidential exchange of views between individual member companies on a topic of current interest. We also invite subject matter experts and advisers to join us where appropriate to the topic being discussed.
Attendance is relevant (and encouraged) for the member colleague with the specified subject matter in their remit, and for whom it is an area of specialisation or direct operational interest.
Karen Clark
Director, PARC
Karen leads the member and partner experience for PARC. She has been instrumental in facilitating executive networking and collaboration for 15+ years. She has a focus on ensuring members get ongoing benefit and value from being part of the PARC community and engaging in PARC’s activities. Aligned with this focus she works closely with Partners, external subject matter experts and our associate advisers to ensure the ongoing relevance and evolution of PARC’s offering. Karen has a particular interest in the development of individual and team capability plus the opportunity for progressive, enjoyable careers. She is an EMCC qualified executive coach which supports her development work with our members. She is also a qualified solicitor and has an interest in the role of effective governance in support of sustainable performance and positive societal impact. Karen is a keen hiker and has a passion for the sustainability of the natural landscape and the value it can bring via enabling access and inclusion for all. She is a Board Trustee for the Surrey Hills Society.
