Job Description
Responsibilities
Incentive Plan Design and Modeling
Incentive Plan Design and Modeling
- Design, develop, and implement field incentive compensation (IC) plans that align with brand strategies and sales goals.
- Build financial models to simulate plan performance under various scenarios using real and projected data.
- Conduct historical analysis and 'what-if' simulations to evaluate plan effectiveness, fairness, and alignment.
- Create and manage short-term incentive contests (SPIFs) and tactical bonus programs to support product launches or boost performance.
- Analyze data to define contest eligibility, metrics, goals, and payout curves.
- Develop rules documents and communication materials for field engagement.
- Track contest performance and manage end-to-end execution from concept through payout.
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