Scaling Up Compensation
5 Design Principles for Turning Your Largest Expense into a Strategic Advantage
Summary:
The book provides a framework for designing a compensation strategy that aligns with a company's growth objectives and culture. It outlines five key principles to help business leaders create a pay system that motivates employees, drives performance, and serves as a competitive advantage in the marketplace.
Key points:
1. Core Values Alignment: Pay structures should motivate actions that reflect the company's values and goals, linking pay to the company's mission.
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