Working for a private company definitely has its perks, and many are making an effort to compensate strong performers, according to a recent survey from WorldatWork and Vivient Consulting. The survey took a look at incentive and bonus programs at private firms, and the outlook for those employees is good. Both short-term and long-term incentive programs at private companies are giving out more than they were a few years ago, the survey finds. Some rewards, like stock options, are declining in popularity. Other incentives, like phantom stock and stock appreciation rights, are more frequently being offered as bonus compensation. And bonuses are being leveraged to make employees keep the company's goals in mind. "They're focusing their incentive dollars on specific key players with specific objectives in mind," says Bonnie Schindler, partner and co-founder at Vivient Consulting. "They're being smart and strategic about their compensation dollars." More than 230 private companies with revenues ranging from $100 million to more than $5 billion took part in the research. For more about the survey, click here.
This article was originally published on 03-22-2012