Scaling Up Compensation: 5 Design Principles for Turning Your Largest Expense in

Description: FREE SHIPPING UK WIDE Scaling Up Compensation by Verne Harnish, Sebastian Ross 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 were paying certain people what we do." • "Im tired of losing our best people to the Googles of the world because we cant 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. Youll 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! FORMAT Paperback LANGUAGE English CONDITION Brand New Flap 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 were paying certain people what we do." * "Im tired of losing our best people to the Googles of the world because we cant 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. Youll 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! Author Biography VERNE HARNISH is founder of the world-renowned Entrepreneurs Organization (EO), with over 18,000 members worldwide, and chaired for fifteen years EOs premiere CEO program held at MIT, a program in which he still teaches today. Founder and CEO of Scaling Up, a global executive education and coaching company with over 260 partners on six continents, Verne has spent the past four decades helping companies scaleup. Hes the author of the bestseller Mastering the Rockefeller Habits; authored The Greatest Business Decisions of All Times, for which Jim Collins wrote the foreword; and wrote Scaling Up (Rockefeller Habits 2.0), which has been translated into 26 languages and has won eight major international book awards including the prestigious International Book Award for Best General Business book. His latest books, Scaling Up Compensation and 12 Habits of Valuable Employees, rocketed to the #1 HR books on Amazon upon release. Verne serves on several boards including vice chair of The Riordan Clinic; co-founder and chair of Geoversity; and board member of the social venture Million Dollar Women. A private investor in many scaleups, Verne enjoys piano, tennis, and magic as a card-carrying member of the International Brotherhood of Magicians.SEBASTIAN ROSS is a thought leader and consultant in the space of People, Culture, and Conscious Business. Sebastian started his career as an entrepreneur in the technology space and later as a partner in a venture capital firm. In recent years, Sebastian held leadership roles as CEO and other C-level positions with several international scaleups. He is currently the Director of the School of Founders Program at the IESE Business School in Barcelona. Table of Contents Overview – Five Principles for Effective Compensation Design Be Different: Aligning Compensation with Culture and Strategy Fairness Not Sameness: Creating a Coherent and Flexible Pay Structure Easy on the Carrots: Using Individual Incentives Effectively Gamify Gains: Driving Critical Numbers Through P(l)ay Sharing Is Caring: Getting Employees to Think Like Owners Closing: Get Pay Right and Out of Sight Appendix About the Authors Review Doing everything differently is a hallmark of great firms – and that includes a companys approach to compensation. This easy-to-read book is an essential primer in getting you to ask the right questions in designing a compensation plan that is right for your organization.— Shari Conaway, Senior Director, People Department, Southwest AirlinesScaling Up Compensation is an excellent resource for management and boards working to scale their companies or making changes to their business strategy and ways of working. Verne and Sebastian, through their interrelated 5 Design Principles, masterfully illustrate how to design effective and tailored compensation plans. I fully concur that the end goal of any successful compensation design is to increase the total energy within employees so that they collectively achieve the right results the right way. An insightful, engaging and pragmatic read!— Cynthia Trudell, Retired Executive Vice President and Chief Human Resources Officer, PepsiCo Review Quote Scaling Up Compensation is an excellent resource for management and boards working to scale their companies or making changes to their business strategy and ways of working. Verne and Sebastian, through their interrelated 5 Design Principles, masterfully illustrate how to design effective and tailored compensation plans. I fully concur that the end goal of any successful compensation design is to increase the total energy within employees so that they collectively achieve the right results the right way. An insightful, engaging and pragmatic read! -- Cynthia Trudell, Retired Executive Vice President and Chief Human Resources Officer, PepsiCo Excerpt from Book EXECUTIVE SUMMARY: Being different is key to any effective strategy - and that includes designing a "strange" compensation plan that incentivizes the behaviors your customers and other stakeholders expect. But make sure your comp plan aligns with your culture/core values or risk it being rejected. This is why it is dangerous to just copy someone elses compensation plan. And dont look at people as a cost; they are an investment. This mindset is crucial as you design a compensation plan that supports what we call a Good Jobs Strategy. This allows you to scale with less people, who are paid more, yet with a lower total cost basis than your competition - a win, win, win in the marketplace. Description for Sales People Award winning author and speaker Details ISBN1955884188 Short Title Scaling up Compensation Language English Year 2022 ISBN-10 1955884188 ISBN-13 9781955884181 Format Paperback UK Release Date 2022-04-12 Author Sebastian Ross Pages 114 Country of Publication United States AU Release Date 2022-04-12 NZ Release Date 2022-04-12 Audience General Publisher Advantage Media Group Place of Publication Charleston Publication Date 2022-05-26 Subtitle 5 Design Principles for Turning Your Largest Expense into a Strategic Advantage US Release Date 2022-05-26 Imprint Forbes Books We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! 30 DAY RETURN POLICY No questions asked, 30 day returns! FREE DELIVERY No matter where you are in the UK, delivery is free. 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