An upcoming webinar hosted by LM columnist Jeffrey Scott will discuss common problems that arise from incentives and bonus plans and how to avoid and overcome them.
Attendees will learn why commission plans, profit sharing, bonus plans and other incentives often backfire, leading to a demotivated work environment and underperformance by your team.
“Even when they work initially, circumstances change, and suddenly, grumbling, underperformance and other problems surface on the team. Or you set up an incentive system, and it can actually disincentivize your people,” says Scott.
Scott will help illustrate where these programs fail, some tell-tale signs of incentive failure and alternative ways to address and fix incentive programs.
Why incentives and bonus plans backfire… and how to fix them will take place at 12 p.m. EDT on Wednesday, July 10.
