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The result is engaged workers who feel a closer connection to their work, and who are able to bring more of themselves into the office, even in a remote setting.

Sales compensation designers apply a set of uniform principles to each unique job to arrive at the best incentive plan design.

Those benefits include setting competitive executive pay programs that are aligned with market standards — which, in turn, can help attract and retain top talent — while addressing other challenges, such as goal setting.

Assessing Skill Sets Employers should conduct talent assessments of employees’ skill sets relative to the jobs they have today — and the job changes anticipated for tomorrow, said Julia Lamm, a workforce transformation partner at consulting firm PwC.

For WorldatWork Members The Outperformance Stock Unit: Meaningful Long-Term Incentives at Minimal Initial Expense , Workspan Magazine article;Exploring Executive Compensation Decision Making , Journal of Total Rewards article;Incentive Goal Setting is Becoming More Flexible , Journal of Total Rewards article;Executive Compensation Update: Key Developments and Future Insights , on-demand webinar; For Everyone The CEO Left.

;Leverage the simple INDIRECT formula to bring in a set of regional pay ranges based on user choice.

Similarly, the number of days people are spending in the office has increased, with a back-to-work barometer of the average attendance in the office for the 10 largest U.S. cities increasing from less than 50% of pre-pandemic office attendance to just under 54% in the past year ( Kastle 2024).

;Primary performance measure was set at 60% weight and recurring revenue performance measure was set at 40% to motivate sales salespeople mindshare to service, consumables and reagents sales.; The company provided intensive training and communication materials to educate and engage the sales force on the new plan.

;This payout pattern suggests extreme outcomes (both low and high payouts) are more frequent than normal distribution would predict.; ;However, if the company’s pay philosophy encourages ambitious goal-setting and embraces volatility, this approach may be appropriate.; ;Conversely, if the organization intends to provide stable, predictable compensation, it may need to adjust its goal-setting framework to reduce variability.; Blending Data and Strategy in Goal-Setting Goal setting in executive incentive plans is both an art and a science.

However, it’s important to note that the research on employee participation in goal setting is mixed, with other research finding that supervisor-set goals are more powerful than self-set goals (CIPD 2016).