Sunday, August 03, 2008

Rewarding the Right Financial (and Non-Financial) Metrics

If it ain't gonna build tangible value, it ain't worth the time. Paul Hebert has a fantastic primer on what this means at nearly every level of the organization along with a cheat sheet - definitely read the whole thing:
Of course as Hebert has pointed out in the past, financial incentives are only one tool to motivate people and sometimes financial incentives are inappropriate and even counterproductive to target objectives. That said, this chart is a great starting point for employees to consider their role in an organization and the impact they can make. Those who like this chart, may want to explore the balanced scorecard that either helps sort out the often multiple roles employees play or just confuses them to bits when implemented half-heartedly..

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