eBook - ePub

Scaling Up Compensation

Name: Scaling Up Compensation
ISBN: 9780986019586

5 Design Principles for Turning Your Largest Expense into a Strategic Advantage

Verne Harnish,

Sebastian Ross,

114 pages
English
ePUB (mobile friendly)
Available on iOS & Android

eBook - ePub

Scaling Up Compensation

5 Design Principles for Turning Your Largest Expense into a Strategic Advantage

Verne Harnish,

Sebastian Ross,

About this book

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 it 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: 1. The #1 mistake business leaders make in setting up their compensation plans 2. The psychological aspects of compensation underpinning successful plans 3. How individual bonuses can backfire 4. The power of gamifying gains to drive up energy and engagement 5. Whether you want to be queen/king or rich!

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Yes, you can access Scaling Up Compensation by Verne Harnish,Sebastian Ross in PDF and/or ePUB format. We have over one million books available in our catalogue for you to explore.