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Books Scaling Up Compensation: 5 Design Principles for Turning Your Largest Expense into a Strategic Advantage by Verne Harnish (Author), Sebastian Ross (Author)

Name: Scaling Up Compensation: 5 Design Principles for Turning Your Largest Expense into a Strategic Advantage by Verne Harnish (Author), Sebastian Ross (Author)
Brand: Books
Price: 1650.00 KES
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"Scaling Up Compensation: 5 Design Principles for Turning Your Largest Expense into a Strategic Advantage" by Verne Harnish and Sebastian Ross focuses on transforming compensation from a major organizational expense into a strategic tool for attracting, retaining, and motivating talent. The book emphasizes that getting compensation right is critical to boosting performance and morale, while poorly designed pay systems cause unnecessary drama and turnover.

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Key Features

The five core principles outlined are:
Be Different - Align compensation with your unique company culture and strategy to stand out.
Fairness Not Sameness - Create a pay structure that is equitable, transparent, and reflects individual performance rather than uniform distribution.
Easy on the Carrots - Use financial incentives judiciously, recognizing they are not always the best motivators.
Gamify Gains - Employ gain-sharing plans that turn business goals into engaging challenges, increasing energy and focus.
Sharing Is Caring - Implement profit-sharing or value-sharing to foster an ownership mentality and align employee interests with company success.