Leadership...through the eyes of a coach...Alan Booth

Saturday, August 11, 2018

BONUS DILEMMA

I need insights into the "black box" of year end compensation decisions.

Two of my clients are looking for better ways to use compensation as a motivator for higher performance.  Once a year conversations does not do that and most people I ask feel it is a mystery how their bonus and base are calculated based on achivement of specific goals or expectations assigned.

Question: how can we effectively manage-inspire an individual's achievement of annual goals and expectations using $$$ conversations on a regular, say monthly, basis?

The challenge seems to be creating a culture where people clearly know the financial impact of their work throughout the year.
What has been your experience? Suggestions?

Best,

Alan


Alan Booth
Management Consultant
Executive Coach
Instructor, NYU School of Leadership
Land: 203.454.3502
Cell: 203.216.6232

No comments:

 
http://gpsadvantage.blogspot.com/