Chapter 9Design and Communication Considerations
Design considerations begin with a review of the market stage of the company and its industry. Market stage tilts the playing field of pay plan design in a certain direction. Next, in light of the relative importance of incentive pay in attracting, retaining, and rewarding performance, designers must determine the extent to which it will be a part of their pay package.
The total executive compensation package should embody the company’s vision, mission, objectives, goals, and strategies. More specifically, the pay-delivery system should be aligned with goals and objectives. The framework or skeleton ...
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