2022/2023 East Africa Incentives survey

Incentive Plans

This is our annual East Africa Incentive Plans survey for 2023. This survey explores compensation that recognizes an employee's performance – beyond the paycheck and benefits he/she receives for hours worked.

Your participation in the survey will earn your a high level FREE report. A detailed report is also available for purchase. Please indicate your email address and Organisation so as to receive the free report. The survey will close at the end of January 2023. Should you experience any challenges as you respond to the survey, please send an email to analyst@therempractice.com

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* 1. Do you offer Short Term Incentives (STI) to your staff?

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* 2. Please select the STI(s) provided in your organization.

Gain Sharing Plan

Annual Incentive Plan

Spot Awards

Discretionary bonus plan

Project Bonus

Team Bonus

Profit-sharing plan

Sales Bonus

Retention bonus

Other (please specify)

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* 3. Please complete by indicating your practice around bonus pay as applicable.

What % is the annual bonus pool? e.g. 5% of net profit?

% Actual value of annual bonus paid as cash?

% Actual value of annual bonus that was deferred?

Not Provided

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* 4. What is the bonus opportunity/target bonus (the maximum one can earn) as a % of the basic salary for employees in these job levels?

Executives

Management

General Staff

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* 5. Which job roles or job levels are eligible to receive Short Term Incentives (STIs)?

C Suite - Chief Executive Officer/ Chief Finance Officer

Senior Manager - Directors/Heads of Departments

Manager

Business Development, Sales and Marketing teams

All staff

Other staff (Please Specify)

Other (please specify)

None of the above

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* 6. Do you offer Long Term Incentives (LTIs) to your staff?

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* 7. Which job roles or job levels are eligible to receive Long Term Incentives (LTIs)? Please specify the roles.

C Suite - Chief Executive Officer/ Chief Finance Officer

Senior Manager - Directors/Heads of Departments

Manager

Business Development, Sales and Marketing teams

All staff

Other staff (Please Specify)

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* 8. Please select the LTI(s) provided in your organization.

Stock Option Plan

Restricted Stock Plan

Performance Based Plan

Stock Purchase plan

Stock Ownership Plan

Other (please specify)

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* 9. Please answer the below on how LTIs are awarded in your organization.

How frequent are the awards given?

What was the actual % value of base pay of LTIs paid?

What is the vesting period for the LTI?

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* 10. Do you have a sales commission plan / program for your sales/ marketing team?

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* 11. Describe how the commission is earned.

A % of the sales value (No retainer is provided)

A % of the sale value over and above the target sales value (A retainer fee is provided)

A % of the sales value is paid as bonus with a retainer provided

Other (please specify)

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* 12. What factors are taken into consideration, when determining the commission rate?

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* 13. What is the % commission rate currently in use in your Organisation?

Below 5%

5%- 8%

9%-12%

13%-16%

Other (please specify)

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* 14. What is your practice around the 13th cheque benefit?

Full Month's Salary

Percentage of a full month salary

Benefit Not Provided

Other (please specify)

2022/2023 East Africa Incentives survey

Incentive Plans

Question Title

* 1. Do you offer Short Term Incentives (STI) to your staff?

Question Title

* 2. Please select the STI(s) provided in your organization.

Question Title

* 3. Please complete by indicating your practice around bonus pay as applicable.

Question Title

* 4. What is the bonus opportunity/target bonus (the maximum one can earn) as a % of the basic salary for employees in these job levels?

Question Title

* 5. Which job roles or job levels are eligible to receive Short Term Incentives (STIs)?

Question Title

* 6. Do you offer Long Term Incentives (LTIs) to your staff?

Question Title

* 7. Which job roles or job levels are eligible to receive Long Term Incentives (LTIs)? Please specify the roles.

Question Title

* 8. Please select the LTI(s) provided in your organization.

Question Title

* 9. Please answer the below on how LTIs are awarded in your organization.

Question Title

* 10. Do you have a sales commission plan / program for your sales/ marketing team?

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* 11. Describe how the commission is earned.

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* 12. What factors are taken into consideration, when determining the commission rate?

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* 13. What is the % commission rate currently in use in your Organisation?

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* 14. What is your practice around the 13th cheque benefit?

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* 15. Do you have any other comments, questions, or concerns?