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A major consulting firm recently launched a new project managers' incentive plan. Basically, senior managers in the company were told to award $5 000 raises
- A major consulting firm recently launched a new "project managers' incentive" plan. Basically, senior managers in the company were told to award $5 000 raises (not bonuses) to about 40 percent of the project managers in their team, based on how well they managed people on their projects and met deadlines, and the number of projects each project manager was responsible for that year. No additional criteria were provided, given the wide variance in projects and teams that the consulting firm secures in a given year. What are the potential advantages and pitfalls of such an incentive program? What areas of support or concern do you think project managers might have with the incentives? What areas of support or concern do you think senior managers might have with the incentives?
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