A short-term incentive measures performance for up to 1 year, and typically includes profit share, gainshare, commission and bonus schemes.

A short-term incentive scheme has the following purposes:

·         Attract

·         Retain

·         Motivate

·         Drive company strategy

·         Engender an entrepreneurial spirit

·         Change the focus from process to outputs

·         Align employee behavior with shareholder expectations

21^st Century has assisted leading organisations in both the review and design of incentives, whether short-term or long-term. In the process, we incorporate best practice, market trends, and your own unique drivers for the implementation of a scheme. We have designed schemes for all levels in an organisation, and across a huge range of industries and organisation types. Each scheme is unique to the specific purposes and context of each organisation.