In this video, we talk about the Missing Link in Managing the Value Chain! Organization-Wide Variable Pay systems. You will learn the following in this video:
• The role of identity economics in establishing organization-wide variable pay.
• Integrating identity economics with the expectancy model of motivation.
• The chain reaction and reinforcement dynamic of organization-wide variable pay.
• The self-financing nature of variable compensation.
• Some existing models of variable compensation
• A recommended model based on simplicity, a culture of collaboration, and management commitment.