Most business leaders would love to find a single pay strategy that could become the answer for compensating their employees. It would be even better if it also carried a label that said something like this: “Just adopt this plan and all of your employees will perform exactly how you want them to.” If it existed, it would be the Holy Grail of compensation design. Companies of all sizes would rush to implement such a plan without delay.
In the real world, everyone recognizes there is no such plan. And this paper isn’t going to reveal one either, notwithstanding its title. However, knowing such a plan doesn’t exist does not prevent wishful thinking on the part of those responsible for engineering and implementing rewards that will “work.” As a result, this paper seeks to help those individuals find a solution to their underlying concerns about effective pay strategies.
Download the Whitepaper Here: The Most Important Compensation Plan a Company Can Have