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A New Standard for Bonus and Retention Plans

A New Standard for Bonus and Retention Plans

by Frank Roche on March 24, 2009

in Executive Compensation, Pay

I’ve been doing a lot of thinking and talking about the AIG bonus debacle over the past few days. All that made me say there should be a new standard for bonus and retention plans:

  1. Your bonus plan must be explainable in plain English.
  2. You should be proud to explain to your best friend and your mom how your bonus plan works and what behaviors it’s designed to motivate.
  3. If your retention plan requires a bevy of lawyers and days of PR prep to talk about it in the media, you had better think twice.

When it all comes down to it, simplicity wins. Anything more than that has unintended consequences.

{ 2 comments… read them below or add one }


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