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I need help with study case, not sure how to do it.Assignment Details:

Case study — First Financial Group: Designing Short-Term Employee Incentive Programs

In this case you are introduced to a short-term incentive compensation plan at First Financial Group (FFG). The compensation plan seems to have had some negative unintended financial and performance consequences. The company is considering two alternative compensation plans.

Questions:

1. What is FFG’s strategy? Explain how the current short term incentive plan (STIP) aligns with corporate strategy. Be specific in aligning each strategic element to the measures in the STIP.
2. Why are there different scorecards for branch managers and sales employees?
3. What is the role of STIP in implementing FFG’s strategy. Do you think it is effective?
4. Evaluate the two alternative incentive compensation plans. What was the goal of each plan? what are the pros and cons to each plan?
5. What internal controls should FFG implement in addition to the new incentive program? What costs will be incurred?
6. Which plan do you recommend? Prepare a memo to company management describing the issue and your recommendation and suggested action plan. Use the memo samples in our May and May text to prepare the final memo