Scaling up Compensation: 5 Design Principles for Turning Your Largest Expense Into a Strategic Advantage
Verne Harnish
Synopsis "Scaling up Compensation: 5 Design Principles for Turning Your Largest Expense Into a Strategic Advantage "
How you compensate people is one of the most important strategic decisions your company will make - but few "get it right and out of sight." Nail it and you can add hundreds of percentage points to the bottom line while driving up the energy in the organization. Make the wrong call (or piecemeal the decision together), and the results will create needless drama throughout the organization. Do any of these challenges sound familiar? - "I gave a star performer a raise, and now everyone else is marching into my office, demanding one, too." - "If anyone looked closely at our payroll, it would be hard to rationalize why we're paying certain people what we do." - "I'm tired of losing our best people to the Googles of the world because we can't match their salaries." Compensation is one of your largest expenses, one you can turn it into a strategic advantage in attracting, retaining, and motivating talent (or not accidentally demotivating them). In this highly practical book, the authors share 5 principles for designing effective compensation systems along with plenty of examples from leading small, medium, and large firms across various industries. You'll learn: 1. The #1 mistake business leaders make in setting up their compensation plans 2. The psychological aspects of compensation underpinning successful plans 3. How individual bonuses can backfire 4. The power of gamifying gains to drive up energy and engagement 5. Whether you want to be queen/king or rich!
Verne Harnish es el fundador de la organización de renombre mundial Entrepreneurs’ Organization (EO), que cuenta con más de 18.000 miembros en todo el mundo; asimismo, fundó y presidió durante quince años el programa insignia para directores ejecutivos (CEO) de EO en el MIT, programa en el que sigue impartiendo clases hoy en día.
Como fundador y CEO de Scaling Up —una empresa global de formación ejecutiva y *coaching* con más de 290 socios en seis continentes—, Verne ha dedicado las últimas cuatro décadas a ayudar a las empresas a escalar.
Es autor de *Mastering the Rockefeller Habits*; escribió *The Greatest Business Decisions of All Times* (con prólogo de Jim Collins); es autor de *Scaling Up (Rockefeller Habits 2.0)* —obra traducida a 26 idiomas y ganadora de ocho importantes premios internacionales, incluido el International Book Award al mejor libro de negocios general— y coautor de *Scaling Up Compensation*. Su libro más reciente es *Start to Scale*.
Verne forma parte de varias juntas directivas, entre ellas como vicepresidente de The Riordan Clinic, cofundador y presidente de Geoversity, y miembro de la junta de la empresa social Million Dollar Women. Inversor privado en numerosas empresas en fase de escalado, Verne disfruta del piano, el tenis y la magia, siendo miembro acreditado de la International Brotherhood of Magicians.