What type of long-term incentive programs have you leveraged to drive employee performance?

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Experienced

Employee performance can be a tricky subject. A top employee can become an underperformer in a snap, and employees who are not doing well could suddenly have a stellar month. The interviewer would like to know if you have knowledge and experience with long-term incentive programs to encourage high-performance, along with consistent results, from your teams. Some examples of long-term incentive programs include stock options, cash bonuses, or performance shares.

"In my current company, we offer stock-based compensation to our sales executives, after three years of tenure. This compensation structure is a significant award to our loyal, trustworthy employees and has consistently given return value to the organization. The program launched ten years ago with incredible success. I believe this is because people love to see financial rewards while also feeling like they are a part of something big."

"I have worked for a company that offered year-end cash bonus' which seemed to be a significant performance driver. Employees would often check where they were on the leaderboard, and if they were in the top 20, they knew they would receive a bonus. I am also a big proponent of utilizing recognition incentives because simple a simple thank you or shout out to an employee on a job well done can often be the biggest motivators of performance. Two years ago, I implemented a program for our management staff to recognize frontline employees that received great customer reviews. This program created awareness for our entire company, and the public recognition really created a lot of buzz with staff."

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How to Answer: What type of long-term incentive programs have you leveraged to drive employee performance?

Advice and answer examples written specifically for a HR Consultant job interview.

28. What type of long-term incentive programs have you leveraged to drive employee performance?

How to Answer

Employee performance can be a tricky subject. A top employee can become an underperformer in a snap, and employees who are not doing well could suddenly have a stellar month. The interviewer would like to know if you have knowledge and experience with long-term incentive programs to encourage high-performance, along with consistent results, from your teams. Some examples of long-term incentive programs include stock options, cash bonuses, or performance shares.

Written by Rachelle Enns on August 31st, 2021

Answer Example

"In my current company, we offer stock-based compensation to our sales executives, after three years of tenure. This compensation structure is a significant award to our loyal, trustworthy employees and has consistently given return value to the organization. The program launched ten years ago with incredible success. I believe this is because people love to see financial rewards while also feeling like they are a part of something big."

Written by Rachelle Enns on August 31st, 2021

Experienced

"I have worked for a company that offered year-end cash bonus' which seemed to be a significant performance driver. Employees would often check where they were on the leaderboard, and if they were in the top 20, they knew they would receive a bonus. I am also a big proponent of utilizing recognition incentives because simple a simple thank you or shout out to an employee on a job well done can often be the biggest motivators of performance. Two years ago, I implemented a program for our management staff to recognize frontline employees that received great customer reviews. This program created awareness for our entire company, and the public recognition really created a lot of buzz with staff."

Written by Rachelle Enns on August 31st, 2021

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