Bonus and incentive schemes

We have been designing bonus and incentive schemes for many years  for all manner of organisations in multiple sectors, often with their own unique culture and particular objectives.  We will take the time to truly understand the goals of your organisation, we will challenge your thinking and question current practice and only then proceed to designing a bespoke bonus scheme that provides the best incentive, bonus or profit-sharing plan for your organisation.

The aim is to craft a bonus or incentive plan that is easy to understand, straightforward to administer and genuinely effective in driving behaviour and results.  It might be focused on the individual, the team, the entire organisation or a combination of all three, but the greatest challenge is more often in defining what the bonus plan needs to achieve.

The objective of any bonus or sales incentive plan is to create an environment where employees want to contribute directly to the company’s success by demonstrating the desired behaviour and achieving the targets, objectives and results.

The key is to make sure there is a clear link between employees' understanding of the scheme and how they can influence their reward outcome.

We place particular emphasis on data, financial modelling and implementation.  Affordability is a critical element of any scheme and we will work with you to model various scenarios to test affordability and control mechanisms.

We offer support through design to implementation.  We can also assist with training and communication plans, including managers, employees and trade unions.

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Watershed is regulated by the  Solicitors Regulatory Authority (SRA) as an Alternative Business Structure (ABS).

0161 703 5611

info@watershed.law

Ryecroft, Aviary Road, Worsley, Manchester

M28 2WF

Watershed Europe Limited (Watershed) provides employment law services in England and Wales, is authorised and regulated by the Solicitors Regulation Authority (SRA number 648793) and is subject to SRA Codes of Conduct 2019, which can be viewed at www.sra.org.uk/solicitors/handbook/code

©2021 Watershed

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