Business

5 design principles for structuring compensation plans – Verne Harnish

1. Be Different – If you’re paying the same as your competition you’re fishing in the same pond.
2. Fairness, not sameness – Not all employees perform equally. Don’t pay them equally.
3. Easy on the carrots – Too many perks make people feel entitled.
4. Gamify gains – Look for company-wide participation to achieve company-wide gains.
5. Sharing is caring – 401k, stocks, and other programs that vest over time create longevity and loyalty.

The worst form of inequality is to try to make unequal things equal.

– Aristotle

I’m a big believer in living your life by a set of uncompromisable core values. Today I stumbled across those of our real estate agent.

• Work hard
• Be available and responsive, always
• Be innovative and creative
• Negotiate expertly
• Be nice and have fun.

Do all these things and more, the accolades will follow. Though the true reward is in the work and the winning results.

– David Tucker

If you’re having a hard time making a decision between two things keep in mind the third choice is both.

– Dad

If you dislike change, you’re going to dislike irrelevance even more.

– General Eric Shinseki