Incentive Plan For Staff - Xls Download

Dear All,
Can anyone help me in designing an incentive plan for my staff, i.e. including finance, admin, backoffice etc. As you all are aware that the attrition rate is going high up, such scheme can help us retain people.
I have just started working as an HR and i am facing lot of problems recruiting.
Please help me!!!!
18th July 2006 From India, Mumbai

Hi Vijeta ,
welcome to the group,
Staff incentive planning is mainly for the employees who are into Sales or connected with sales.
You can plan your Incentive scheme as per the Targets given to the employees.Eg..... take the full % as 100 then bifercate it.....
Manager Sales - 30%
Asst.Manager Sales -25%
Operations (including Sales Coordinators)- 20%
Admin - 15%
Back office - 10%
It is better to Plan the incentive scheme in consultation with the Sr.Sales Team and with HR Head.
Forwarding you one attachment......
Regards
Shruti
18th July 2006 From India, New Delhi

Attached Files (Download Requires Membership)

sales_staff_incentive_152.xls (16.0 KB, 6358 views)

Hi Shruti,
This is definitely very helpful.
My personal view is that Sales Agents should be entitled to higher incentives than the Sales Manager.
Could you explain the logic of this as well as the bifurcation given by you?
Thanks a lot.
Regards
Ryan
10th May 2007 From India, Mumbai