Question: Guidelines for designing an incentive compensation system that will help drive successful strategy execution encompassMultiple Choicemaking the financial incentives a major, not minor, piece of
Guidelines for designing an incentive compensation system that will help drive successful strategy execution encompassMultiple Choicemaking the financial incentives a major, not minor, piece of the total compensation package.basing the incentives on group performance rather than individual performance.making minimal use of nonmonetary incentives and rewarding people for diligently performing their assigned duties.having an outside wage and salary expert administer the system so there is no doubt among employees that the program will be executed in a fair and impartial manner.ensuring that nonmonetary rewards are more important than monetary rewards.
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