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Employee-Based Project Incentives Toolkit

Publication No
IR140-2
Type
Checklist/Flowchart/Matrix
Publication Date
Oct 01, 1999
Pages
35
Research Team
RT-140
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DOCUMENT DETAILS
Abstract
Key Findings
Filters & Tags
Abstract
An incentive is defined as “something, such as a punishment or reward, that induces action.” Incentives are encountered every day—we hope to get a pay raise because of job performance, or we stay within a posted speed limit because we are afraid of ge
Key Findings
The incentives toolkit provides a self-evaluation checklist consisting of nine Critical Success Questions for determining a project teams readiness for an employee-based incentives plan. A “no” answer to any of the first three questions means you are definitely not ready for an EIP. The more “yes” answers to the last six questions, the better prepared you will be for successful implementation. (IR140-2, p. 5) 
Identifying the potential stakeholders that influence the successful outcome of a projects goals and objectives is key to planning an effective EIP. The incentives toolkit provides a matrix for defining these stakeholders and identifying who are potentially eligible for incentives. (IR140-2, p. 12)

IR140-2, Employee-Based Project Incentives Toolkit

The toolkit provides three phase process for determining if a project is appropriate for an employee-based incentive program, and assisting in developing, managing, and evaluating the success of such a program. The toolkit includes:

  • Worksheet: Is my Project Ready for an Employee Incentive Plan (EIP)?
  • Project Eligibility Matrix
  • Legal and Administrative Issues Checklist
  • Incentive Plan Evaluation
Filters & Tags
Knowledge Area
Human Resource Management, Professional Development
Project Phase
Detailed Scope, Detailed Design (Engineering), Construction, Commissioning & Startup
Project Function
Project Management, Architects & Engineering, Procurement & Contracts, Construction, Health, Safety & Environmental, External Stakeholders
Industry Group
Light Industrial, Heavy Industrial, Buildings, Infrastructure
Research Topic
Project Incentives
Keywords
Incentives, Project Performance, Supervisors, Project Life Cycle, Pre-Project Planning, Budgeting, Culture, Compensation, Employee-based Incentives, Employee Incentive Process, rt140

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