Workplace Short Term Incentive [Template]
Workplace Short Term Incentive
Use this template if you are an employer introducing a discretionary and short term incentive plan. Employees may choose whether they participate or not.
Employers introducing an element to the workplace that is not in the Employment Agreement need to discuss and get agreement from employees
In addition to the short-term incentive being option for employees (although open to all), it It is recommended that you have any sort of financial agreement documented to avoid any confusion and that you give employees the opportunity to clarify any questions they may have.
This template gives you a compliant process to use in confirming participation – and clarifying the terms of the Incentive period.