Primary Incentive Plan Design Considerations According to a Review of Key Influential Works

Abstract

One of the key challenges engineering managers face is how to enhance the level of performance of their employees. Existing guidelines and tools regarding the implementation of an incentive plan do not cover the primary design considerations sufficiently. This research identifies thirteen primary incentive plan design considerations (PICs), the most important considerations that must be taken into account in the design or development of an incentive plan, through a systematic and structured identification process. The thirteen PICs are a unique amalgamation from influential research papers that deal with incentives and motivation from various disciplines. These considerations can be used by engineering managers, in conjunction with existing guides or toolkits, as an aid during the design, review, or implementation of an incentive plan.