In today's fast evolving technology landscape, organizations face increasing pressure to balance business growth, talent retention and employee engagement. Short-Term Incentive (STI) programs can play a critical role in aligning employee performance with organizational priorities, but designing an effective plan requires thoughtful consideration of business strategy, workforce dynamics, and performance measurement.
This session presents a real-world case study of an IT organization that redesigned its Short-Term Incentive framework to strengthen performance accountability, enhance employee motivation, and support business transformation objectives. Participants will gain insights into the organization's approach to setting performance metrics, differentiating rewards, balancing individual, and team outcomes, and ensuring transparency and fairness in the incentive process. Through practical examples and lessons learned, the session will explore the challenges encountered during implementation, stakeholder considerations, communication strategies, and the measurable impact of the program on business and talent outcomes.
Key Takeaways:
- Understand different types of Short-Term Incentive programs in prevalence and target employees for the same.
- Understand the key principles of designing an effective Short-Term Incentive program in a technology-driven environment.
- Creating framework for assessing the effectiveness on Shirt-Term Incentive for different type of roles.
- Learn how to align incentive metrics with business priorities while maintaining employee engagement and motivation.
- Explore practical approaches to performance differentiation, governance, and communication.
- Gain insights from implementation challenges, lessons learned, and outcomes achieved.
Whether you are reviewing an existing incentive program or designing a new one, this session will provide actionable ideas and practical insights to help create a more effective and business-aligned STI strategy.
Ishaan is a seasoned Total Rewards leader with nearly 10+ years of extensive experience in the HR domain. Currently, he serves as the Deputy Director of Total Rewards at Myntra, where he spearheads the organization's compensation charter.
Prior to his current role, Ishaan held the position of APAC Compensation Lead at Citi, overseeing the Commercial and Transactional Banking businesses. He also brings deep advisory experience from his tenure as a Senior Consultant at WTW. His functional expertise spans Job Architecture, Compensation Strategy, Benchmarking, and the design of comprehensive Short-Term and Long-Term Incentive plans.
