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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Designing Your Plan
Now that you are familiar with the elements of poorly designed incentive plans as opposed to well-designed incentive plans, the design elements should make a good deal of sense to you. Here are 10 questions you must answer in order to design your plan:
1. What is the key indicator that will drive the plan (or in a few cases, two key indicators)?
2. Who will participate?
3. What is your threshold?
4. What is your stretch goal?
5. What is your total payroll? Number of employees?
6. What is your percentage share (to get to an incentive payout of roughly 10 percent at the stretch goal)?
7. Should your plan be capped with a maximum payout? If so, what is it and why?
8. What is your distribution method?
9. Should the plan be quarterly, ...
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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.