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Human Resources - Scaling Up Compensation: 5 Design Principles for Turning Your Largest Expense into a Strategic Advantage

Description

Book Synopsis: How you compensate people is one of the most important strategic decisions your company will make - but few "get it right and out of sight." Nail it and you can add hundreds of percentage points to the bottom line while driving up the energy in the organization. Make the wrong call (or piecemeal the decision together), and the results will create needless drama throughout the organization. Do any of these challenges sound familiar? • "I gave a star performer a raise, and now everyone else is marching into my office, demanding one, too." • "If anyone looked closely at our payroll, it would be hard to rationalize why we're paying certain people what we do." • "I'm tired of losing our best people to the Googles of the world because we can't match their salaries." 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! Read more

Details

Are you tired of struggling with compensation challenges in your company? Scaling Up Compensation: 5 Design Principles for Turning Your Largest Expense into a Strategic Advantage is the answer you've been looking for. This highly practical book provides insights and strategies to help you create effective compensation systems that will attract, retain, and motivate top talent. With real-life examples from leading firms in various industries, you'll learn how to avoid common mistakes and harness the power of compensation to drive up energy and engagement in your organization.

One of the biggest mistakes business leaders make is not getting their compensation plans right. Nail it, and you can add hundreds of percentage points to your bottom line. But make the wrong call, and you'll create needless drama throughout the organization. Don't worry, though - with our expert guidance, you'll avoid these pitfalls and turn your compensation into a strategic advantage.

Do you struggle to justify certain payroll figures? With our book, you'll gain the knowledge and tools to rationalize your compensation decisions. Whether it's rewarding star performers or matching salaries with industry giants, we've got you covered. Gain the confidence to keep your best people and attract new talent, without breaking the bank.

Discover the 5 design principles that will revolutionize your compensation plans. Learn about the psychological aspects of compensation and how they underpin successful strategies. Find out why individual bonuses can sometimes backfire, and how gamifying gains can drive up energy and engagement. Most importantly, decide whether you want to be queen/king or rich - or maybe even both!

Don't miss the opportunity to transform your largest expense into a strategic advantage. Get your copy of Scaling Up Compensation today and start reaping the benefits of a well-designed compensation system.

Disclosure: I get commissions for purchases made through links in this website