The Foundation of Strategic Pay: Your Compensation Philosophy

The Foundation of Strategic Pay: Your Compensation Philosophy

Developing a clear compensation philosophy is a critical step when conducting a market assessment, developing a salary structure, or building a new incentive plan. A compensation philosophy is a formal statement that documents your organization’s position on employee...
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...