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 leads PARC and is accountable for the member and partner experience. She has been instrumental in facilitating executive networking for 15+ years. She is a co-contributor to PARC’s annual programme and chairs PARC’s Peer2Peer exchanges. She has a focus on ensuring members’ interests are met and responded to. Aligned with this focus she works closely with Partners, external subject matter experts and our associate advisers to ensure the value of PARC activities and support for our members. She also facilitates PARC’s learning offering which aligns with her 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. Karen has an interest in the role of governance in support of improved, sustainable performance and positive societal impact.