Abstract: Embodiments of a system and a method for evaluating fairness of an incentive scheme are disclosed. The method includes generating desired ranks for a set of employees based on multiple Key Performance Indicator (KPI) vectors associated with the set, where the generated desired ranks are refined based on a most promising vector in the plurality of KPI vectors; computing a distance between a pair of ranks including a pre-set rank based on a predefined incentive scheme and a desired rank from the generated desired ranks for each employee; comparing the computed distance for each employee in the set with a predefined value; evaluating the pre-set rank to be fair and indicative of the predefined incentive scheme being fair to a corresponding employee if the computed distance is relatively less than the predefined value based on the comparison; and displaying a visualization of the computed distance.