Incentives for Back Office Operations

Sue Heyen

We are reviewing our incentive plans for 2003. Currently, we offer various departments (Lending, Collections,Member Service, tellers) cash incentives for meeting goals or cross-selling a particular product. However, we do not have an incentive package for our Accounting department which is a major part of our back office operations. Needless to say, they feel left out. We have not been able to come up with a way to quantify or qualify the worked performed for an incentive plan. Does anyone have any ideas or a program in place?

We do not give bonuses but do have a generous 401k and profit sharing plan for all employees.

cebudragonlady

Just my own suggestions- reward each member of Accounting with bonuses for on-time monthly, quarterly and year-end closings of the books. Producing on-time, accurate financial statements is Accounting's main function.

System

How about a year-end bonus if the CFO isn't indicted? x}>

James Sokolowski
Senior Editor
M. Lee Smith Publishers