Behavioral Economics Lessons for Smarter Incentive Plan Design

Behavioral Economics Lessons for Smarter Incentive Plan Design

Behavior Economics is a field of study that considers the influence that psychological, emotional, and social factors have on decision making.  Although it is often applied to how consumers make buying decisions but can also be applied to the design of variable pay...
Evaluating Base Salary Program Effectiveness: Four Key Questions

Evaluating Base Salary Program Effectiveness: Four Key Questions

Base salary significantly impacts employee motivation, perception of fairness, and long-term retention, and is the company’s largest cost. Its effectiveness is determined by more than market competitive salary ranges; it includes making pay decisions and communicating...