Subject category:
Entrepreneurship
Published by:
Stanford Business School
Version: 10 April 2019
Length: 7 pages
Data source: Published sources
Share a link:
https://casecent.re/p/164223
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Abstract
Bonuses are an important part of any CEO's toolkit. This white paper outlines specific steps to follow in establishing or revamping a company's bonus structure, and how this part of the compensation system can reward outstanding results and help retain star performers. Computing bonuses with specific targets, and tallying the results on a quarterly rather than annual basis, for instance, will boost accountability and help keep managers and employees focused on reaching the specified goals.
Time period
The events covered by this case took place in 2019.Geographical setting
Region:
World/global
About
Abstract
Bonuses are an important part of any CEO's toolkit. This white paper outlines specific steps to follow in establishing or revamping a company's bonus structure, and how this part of the compensation system can reward outstanding results and help retain star performers. Computing bonuses with specific targets, and tallying the results on a quarterly rather than annual basis, for instance, will boost accountability and help keep managers and employees focused on reaching the specified goals.
Settings
Time period
The events covered by this case took place in 2019.Geographical setting
Region:
World/global