Loading ...Yet another post about the impact of the ‘Downturn’ on Incentive Compensation, but this one is special. Check out my quote in the Workforce Magazine if you haven’t seen it already.
The gist of the article is that when external forces such as the economy are having some fun, companies must react and adapt… And in the world if incentive compensation, especially for the large enterprise, this does not only mean strategy changes but also software changes.
Many executives don’t think that such IT changes can be difficult… And often it’s true. But sometimes changes can be easy, but time consuming. Other times changes should be easy, but can’t be done because incentive calculations are done on a 40 year old mainframe system using COBOL and Focus databases and no one remembers exactly which digit in the 2000 character string called SFSHJHE represents the rate. This is just another reminder of the importance of having a ‘flexible’ compensation system.
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