Short-term or annual incentives are found in nearly all companies, large and small. Though base salary remains the largest component of payroll, incentives are growing in importance.

Companies use incentives to reward performance - corporate, business unit and individual. It is not uncommon to find multiple short-term plans within the same company. One plan may be geared to projects, another to senior managers and another to cover all other employees.

Monterey Benefits, LLC can assist organizations in evaluating Short Term Incentive Plan Designs, through its partner The Analytical Consulting Company.