September 2011
Intermediate to advanced
256 pages
4h 14m
English
book
Ownership Thinking: How to End Entitlement and Create a Culture of Accountability, Purpose, and Profit
by Brad Hams
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Elements of Well-Designed Incentive Plans
Below are the elements of well-designed plans (based on our experience) that we design into our clients’ plans:
■ They are self-funding, and they ensure financial and value enhancements to the business.
■ They have perceived value.
■ They have shared targets.
■ The goals are understandable.
■ The goals are a stretch, but attainable.
■ They clearly align employee behavior to business objectives.
SELF-FUNDING
From a financial perspective, the most important aspect of an incentive plan is that it pay for itself and that it add value to the organization. If you base your plan on PBT, you must first determine a minimum acceptable threshold of PBT before which no incentive will be paid. A common retort I get ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.