Incentive compensation
What are some examples and pitfalls of incentive compensation? And how do you get incentive compensation right? Communication, referring to your compensation philosophy, and letting your bonus program fulfill its purpose are just some of the things we discuss in this episode. There are definitely incentive compensation challenges to avoid too, which we also discuss like favouritism and allowing the incentive to, psychologically, become base pay in the minds of employees. David Pan is a Director of Global Compensation and Analytics and has so much to share!