Short-term incentives here to stay post-pandemic to retain talent: Mercer

Respondents in survey say it imperative the HR team structures short- and long-term incentive plans to ensure the incentives are aspirational, sizeable, fair and simple, while also being achievable

Indian organisations have taken progressive incentive-based measures to attract and retain talent during the pandemic with 97 per cent organizations having an active short-term incentive plan for in-year performance recognition, reveals a recent Mercer India study.

The study, conducted earlier in the current financial year and titled ‘Leveraging Incentives for Competitive Advantage’, covered 41 organisations (representing over 300,000 employees) pan-India and included corporates spanning the consumer, chemicals, life sciences, IT services and Internet-based/e-commerce industries.

The objective of this maiden study by Mercer India was to understand structural nuances of the incentive structure of organisations and gauge how they are designing their incentive