Introduction $($Do not include as heading in your paper per APA $7)$

In one paragraph, describe the nature of the firm's business $($i$.$e$.,$ industry$).$ The firm can be named or it can remain anonymous. Describe the firm's vision$/$mission$/$purpose statement, business objectives, and$/$or core values, followed by a definitive identification of the firm's strategy $($i$.$e$.,$ identify which of the generic strategies identified by Porter your firm follows$),$ etc. Most, if not all, of this paragraph can come from Written Assignment $2.$

Eligibility $($APA $7$ Level $2$ heading$)$

Describe whether the incentive plan is designed to be used for individual employees $($e$.$g$.,$ production employees, professional employees, sales employees, management$/$executive$),$ teams, or organization$-$wide $($i$.$e$.,$ all employees$).$ Pick one of the aforementioned three classifications. Explain why a financial incentive plan is strategically important for this type of employee for this particular organization.

Describe the eligibility criteria $($e$.$g$.,$ strategic importance, seniority$,$ job or team classification, certain rank in organizational hierarchy$)$ for participation in the financial incentive plan.

Performance Metrics & Incentives $($APA $7$ Level $2$ heading$)$

Performance Metrics $($APA $7$ Level $3$ heading$)$

Describe the performance metrics that will be used to measure whether or not the employee type identified in the previous section has warranted receipt of financial incentive. Ensure that the metrics are measurable and multiple measures are identified.

Financial Incentives $($APA $7$ Level $3$ heading$)$

Describe the specific financial incentives that will be tied to various levels of achievement beyond the base metric accomplishment. Use the textbook chapter for ideas on different types of financial incentives exist.

Frequency $($APA $7$ Level $3$ heading$)$

Discuss the frequency at which financial incentives will be made available $($e$.$g$.,$ immediately, quarterly, annually$)$ and whether the financial performance plan is meant to be short$-$term $($specify length of program if so$)$ or on$-$going.

Table $1$

Include a simple table that visually summarizes the previous three sections $($i$.$e$.,$ Performance Metrics, Financial Incentives, and Frequency$).$

Rationale $($APA $7$ Level $2$ heading$)$

Describe the rationale for the design of the performance incentive plan. Advisable topics of discussion include strategic linkage and motivational techniques$/$theory$.$

Managerial Implications $($APA $7$ Level $2$ heading$)$

Describe the managerial implications to be expected from the financial incentive plan. Advisable topics to cover include linkages with other HR functions $($e$.$g$.,$ job design, staffing, performance appraisal, safety$),$ potential ethical issues, how the financial plan will be communicated, and how the plan will be evaluated.