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Five Things to Consider When Creating Employee Bonus Plans

 
  Arthur F. Rothberg, Managing Director, CFO Edge, LLC  
   
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  Article Summary  
Considering that so many Los Angeles and Southern California business leaders invest significantly in payroll expenses, it’s surprising how few see compensation and employee bonus plans from a strategic point of view.

This week’s article supports employee bonus plan optimization by introducing four questions to ask about compensation objectives and five strategies to guide bonus plan structure.

Because employee bonus plans can incent employees to act and think like owners of a business, business leaders may want to consider bringing in a CFO services professional with proven experience in this area.

A part-time CFO or a single-project CFO can help structure plans that are both aligned with overall strategic objectives and effective in incenting employees to act in the best interests of the company.

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