O'Reilly logo

The Complete Guide to Executive Compensation 3/E, 3rd Edition by Bruce Ellig

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter 2Performance Measurements and Standards

Image

Before going any further, it is important to take time to identify and describe measurements and standards of performance that can be used in determining compensation for executives. A standard, or stated objective, is intended to improve performance (typically, by a stated amount).

UDERSTANDING PERFORMANCE MEASUREMENT

Vision, mission, and objectives were defined and described in Chapter 1 (“Executive Compensation Framework”). Performance is the extent to which the company achieves the stated objectives. This means the objectives not only have to be described but the outcome has also to be measured. ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required