
Tips on Measuring Compensation Plan Effectiveness
Most organizations today have at least one – but typically multiple incentive and/or bonus plans. After implementation, there is a tendency to put these plans on auto-pilot. But, “Measuring Plan Effectiveness” should be an annual part of your year-end compensation process in preparation for the following Plan year. The data collection and review should include all key stakeholders. Since I like steps, let’s look at some key stakeholders that should be included in measuring th