As valuable as variable pay plans are to organizations, they often fail to deliver intended results. Why? In many cases, they may not support an overall business strategy, have too many performance measures, appear to be completely arbitrary, are undermined by inadequate communication programs, or are simply too difficult to administer.
Learn how to avoid all-too-common mistakes and create quality-driven variable pay plans that are powerful recruiting, retention, and motivational tools that stand the test of time. While our subject applies to effective incentive compensation design in any form, our coverage will concentrate on broad-based or general incentive plans.
Originally recorded on September 08, 2022.
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