• Back at the office or school? Still working from home? Need to vent, or just connect with other planner and built environment types? Come join us!

    Cyburbia is a friendly big tent, where we share our experiences and thoughts about urban planning practice, planning adjacent topics, and whatever else comes to mind. No ads, no spam, no social distancing or masks required.

Economic development đź’° Examples of performance based incentives

Messages
3,006
Points
25
Something with a formula based on X number of employees hired, etc.
Are you looking for a results-based (or outcome-based) formula?
If yes, then here are two possibilities that have had quantifiable formulas in the past:
  • Should the outcome-based formula pay out a certain amount after each individual employee is hired--until the number of employees hired equals X?
  • Alternatively, should the outcome-based formula pay out nothing until X number of employees are hired--and then a previously agreed-upon grand total amount gets paid?
As you can imagine, the two different scenarios would use two different formulas and therefore different financial tools for implementation.
 
Top