Long-Term Incentive Plan
Understanding the advantage of implementing an LTIP...
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Implementing a Long-Term Incentive Plan (LTIP) can provide a worthwhile benefit for a company’s key talent, eliminating the cost associated with losing an executive.
The chart below illustrates how an LTIP can save your company roughly 50% by retaining just one key member of your team, as well as the potential benefit to the employer.
Additionally, a profit interest plan (PIP) is another LTIP strategy option for consideration. PIPs are designed similar to private equity incentive plans and are based on reaching company planned KPIs.