Scaling Up Compensation - 5 Design Principles for Turning Your Largest Expense Into a Strategic Advantage

Key Insights from the Book

1. Shifting perspective on compensation: Compensation is not just an expense but can be transformed into a strategic advantage.
2. Design Principles: The book lays down five design principles for scaling up compensation - fairness, alignment, accountability, sustainability, and simplicity.
3. Principle of Fairness: Employers should ensure that the compensation is fair and is perceived to be fair by the employees.
4. Principle of Alignment: The compensation system should align with the company's strategic goals and culture.
5. Principle of Accountability: Compensation should be linked to performance and results.
6. Principle of Sustainability: The compensation strategy should be sustainable and...

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