Linking goals to monetary incentives
نویسنده
چکیده
Every experienced executive knows the importance of rewarding good performance and also how difficult it is to design an incentive system that works as it is supposed to. A recent article in the Wall Street Journal1 reported that Hewitt Associates found that 83 per cent of companies with a pay-for-performance system said that their incentive plan was “only somewhat successful or not working at all.” Consider just some of the ideas that must be addressed in designing an incentive system:
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