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Need Compensation Plan Template
Posted By: martin* on 10/8/2004 4:47 PM (CST)	125 Points
I have just been hired to do new product development, business development and marketing. My compensation is to be a combination of base salary + incentive. I need some examples of compensation plans that address these combined types of responsibilities.

Posted by: Peter (henna gaijin)	Accepted Answer
10/8/2004 7:50 PM (CST)
The three duties you list (product development, business development, and marketing) pretty much come down to profitability or sales growth as the only way you could incent. Basically, use a plan where you get a portion of sales or profits of a new product line. Otherwise, you could look at separate incentives for each different function. A bonus for taking a new product through different stages of development, for each deal you arrange on the business development side, etc.

Posted by: et3dotcom*	Accepted Answer
10/9/2004 12:16 PM (CST)
Don’t forget ownership incentives –in a startup for instance – it often takes a long time to generate profits. If not a startup – the “profit” is usually minimized to reduce tax – so make sure your metrics justly reward your contribution to the bottom line INCLUDING equity of the company. Stock options with a progressive percentage of vesting are the usual way to balance the needs of the company with the needs of employee. daryl

Posted by: martin*	Author Response
10/13/2004 12:28 PM (CST)
These are great strategies. What I am looking for is a template (WORD, WordPerfect, etc.) that I can tailor. Martin

Posted by: martinibuster*	Accepted Answer
10/22/2004 1:14 PM (CST)
Hi, There is a website called hrVillage.com. They have a section of their website called hrToolkit that has hundreds of surveys, forms, and templates in Word and Acrobat for download. And best of all: It's FREE. http://www.hrvillage.com/

Posted by: Val (Moderator)*	Moderator Response
10/26/2004 12:44 AM (CST)
Hello all. I am closing this question, since its more than 10 days old. We do this to make sure members' contributions are rewarded in a timely manner and to improve the visibility of newer questions. Thanks, so much, for participating! Val (Moderator)

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