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Scaling Up Compensation
5 Design Principles for Turning Your Largest Expense into a Strategic Advantage
Table of Contents
About The Book
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!
Product Details
- Publisher: Forbes Books (April 12, 2022)
- Length: 114 pages
- ISBN13: 9780986019586
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Raves and Reviews
Doing everything differently is a hallmark of great firms – and that includes a company’s approach to compensation. This easy-to-read book is an essential primer in getting you to ask the right questions in designing a compensation plan that is right for your organization.
— Shari Conaway, Senior Director, People Department, Southwest Airlines
Scaling Up Compensation is an excellent resource for management and boards working to scale their companies or making changes to their business strategy and ways of working. Verne and Sebastian, through their interrelated 5 Design Principles, masterfully illustrate how to design effective and tailored compensation plans. I fully concur that the end goal of any successful compensation design is to increase the total energy within employees so that they collectively achieve the right results the right way. An insightful, engaging and pragmatic read!
— Cynthia Trudell, Retired Executive Vice President and Chief Human Resources Officer, PepsiCo
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