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Scaling Up Compensation
5 Design Principles for Turning Your Largest Expense into a Strategic Advantage
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Narrateur(s):
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Verne Harnish
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Auteur(s):
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Verne Harnish
À propos de cet audio
How you compensate people is one of the most important strategic decisions your company will make—but few “get it right and out of sight.” Nail it and you can add hundreds of percentage points to the bottom line while driving up the energy in the organization. Make the wrong call (or piecemeal the decision together), and the results will create needless drama throughout the organization.
Do any of these challenges sound familiar?
“I gave a star performer a raise, and now everyone else is marching into my office, demanding one, too.”
“If anyone looked closely at our payroll, it would be hard to rationalize why we're paying certain people what we do.”
“I'm tired of losing our best people to the Googles of the world because we can't match their salaries.”
Compensation is one of your largest expenses, one you can turn into a strategic advantage in attracting, retaining, and motivating talent (or not accidentally demotivating them). In this highly practical book, the authors share 5 principles for designing effective compensation systems along with plenty of examples from leading small, medium, and large firms across various industries.
You'll learn:
The #1 mistake business leaders make in setting up their compensation plans
The psychological aspects of compensation underpinning successful plans
How individual bonuses can backfire
The power of gamifying gains to drive up energy and engagement
Whether you want to be queen/king or rich!
©2022 ForbesBooks (P)2023 ForbesBooksVous pourriez aussi aimer...
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Ce que les auditeurs disent de Scaling Up Compensation
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Au global
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Performance
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Histoire
- Evan Schwindt
- 2023-01-20
A Must Listen!
No matter the size of your business or industry you’re in, this book will almost certainly have a take home for you! Enjoyed the objective data presented along with more anecdotal case studies, as provide a good mix of relatable and evidence-based info.
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