Incentive Plan: Caterpillar Inc

Caterpillar Inc: PEORIA, Ill - Caterpillar Inc CAT.N: Quote has put workers on notice that its short-term incentive plan, the centerpiece of a performance-based, profit-sharing program, will make its smallest payout since the recession when the payments go out next March, according to Reuters. In updates to the plan's roughly 60,000 participants, and in quarterly disclosures to investors, Caterpillar said it expects outlays related to the program to be down as much as 40 percent from last year, reflecting sharply reduced payments to employees and By James B. Kelleher Like a lot of companies, the world's largest maker of mining and construction equipment has adopted what is known as a "pay-at-risk" compensation system, which ties a percentage of nearly every non-union employee's income to Caterpillar's financial performance. (www.immigrantscanada.com). As reported in the news.