Careers Slideshow: The Perks of Working for Private CompaniesBy Dennis McCafferty | Posted 03-22-2012
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95% of private companies are offering short-term incentive programs, up from 79% in 2007.
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61% of private organizations are offering long-term incentive programs, compared to 35% in 2007.
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39% of private companies give individual, short-term incentive bonuses to individual employees, up from 36% in 2007.
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26% of private companies have established short-term incentive bonuses to teams, up from 17% in 2007.
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19% of private businesses provide profit sharing as a short-term incentive bonus, down from 24% in 2007.
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52% of private organizations give performance awards as a long-term incentive, up from 33% in 2007.
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33% of private organizations provide phantom stock or stock appreciation rights as a long-term incentive, up from 19% in 2007.
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26% of private businesses give stock options as a long-term incentive, down from 34% in 2007.
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Most Common Reasons for Added or Modified Short-Term Incentive Plans:â¢ Change in strategy (as cited by 50% of survey respondents)â¢ Need to improve business results (36%)â¢ New management team (23%)
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Top Objectives of Bonus Plans:â¢ Reward employees (as cited by 74% of survey respondents)â¢ Focus employees on specific goals (67%)â¢ Share organization's financial success (55%)