LTI (Long-Term Incentives) is a long-term motivation program, within the framework of which employees are provided with incentives that increase their interest in the company's prosperity in the long term, various rewards, options for them. Long-term motivation LTI is aimed primarily at retaining qualified personnel on the company's staff.
The results of such measures are most often assessed after a three-year period, but there are incentive programs that are considered over a longer period.
The development of a long-term motivation system requires a clear understanding of both the company's strategic goals and the needs of employees, the possibility of using them in costa-rica mobile phone numbers database the interests of the business through remuneration in one form or another. The structure of employee incentives in this case requires constant improvement and control. At the same time, the practices of leading global companies that have achieved success in this area should be taken into account.
LTI also allows you to improve the corporate culture of the brand. A competent system of long-term motivation allows you to hire and retain high-class specialists, on whom the development of the company may directly depend.
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3 Basic Principles of LTI
The LTI system provides solutions to the following problems:
Allows employees to feel involved in the company's achievements
The LTI formula includes the company's global goals, and employees who have made a significant contribution to achieving them can expect significant rewards.
Gives specialists the opportunity to defend their rights in the company
A manager may be the owner of a certain block of shares in a company, and then he will be interested in increasing their value, and therefore in the success of this business.
LTI Principles
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Maintains motivation of specialists for a long period
The LTI motivation system is most often designed for a long term, and employees can rely on full remuneration if they work for the company for the required period of time, achieving large-scale goals.
What is LTI
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