Guide to bonus plans in leading US companies

What you will find in this publication

This 479-page reference book features 84 examples of actual bonus plans currently in use by a wide variety of US organisations. It covers the complete spectrum of corporate personnel - from entry-level, blue-collar workers to top management.

For each plan Watson Wyatt includes:

• listing of the contributor’ s industry
• employee groups that are eligible
• total number of employees who are eligible for awards
• percentage of eligible employees as a proportion of total company employment.

Also included is a rating by the plan administrator as to how effective the plan has been in the achievement of specific objectives.

Types of plan

The handbook features a wide array of plans, including awards based on:

• comparisons to the competition
• improvement over historical performance measures
• achievement of MBO (management by objectives) goals
• turnover reduction
• achievement of production goals
• achievement of sales quotas
• achievement of profit goals
• adherence to schedules.