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![Scaling Up Compensation: 5 Design Principles for Turning Your Largest Expense into a Strategic Advantage by [Verne Harnish, Sebastian Ross]](https://m.media-amazon.com/images/I/41k6IUar8dS._SY346_.jpg)
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Scaling Up Compensation: 5 Design Principles for Turning Your Largest Expense into a Strategic Advantage Kindle Edition
Verne Harnish (Author) Find all the books, read about the author and more. See search results for this author |
Sebastian Ross (Author) Find all the books, read about the author and more. See search results for this author |
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Do any of these challenges sound familiar?
- "I gave a star performer a raise, and now everyone else is marching into my office, demanding one, too."
- "If anyone looked closely at our payroll, it would be hard to rationalize why we're paying certain people what we do."
- "I'm tired of losing our best people to the Googles of the world because we can't match their salaries."
You'll learn:
- The #1 mistake business leaders make in setting up their compensation plans
- The psychological aspects of compensation underpinning successful plans
- How individual bonuses can backfire
- The power of gamifying gains to drive up energy and engagement
- Whether you want to be queen/king or rich!
- LanguageEnglish
- PublisherForbesBooks
- Publication dateJuly 2 2021
- File size2417 KB
Product description
Review
Doing everything differently is a hallmark of great firms – and that includes a company’s approach to compensation. This easy-to-read book is an essential primer in getting you to ask the right questions in designing a compensation plan that is right for your organization.
— Shari Conaway, Senior Director, People Department, Southwest Airlines
Scaling Up Compensation is an excellent resource for management and boards working to scale their companies or making changes to their business strategy and ways of working. Verne and Sebastian, through their interrelated 5 Design Principles, masterfully illustrate how to design effective and tailored compensation plans. I fully concur that the end goal of any successful compensation design is to increase the total energy within employees so that they collectively achieve the right results the right way. An insightful, engaging and pragmatic read!
— Cynthia Trudell, Retired Executive Vice President and Chief Human Resources Officer, PepsiCo
--This text refers to the paperback edition.About the Author
Verne Harnish is founder of the world-renowned Entrepreneurs' Organization (EO), with over 16,000 members worldwide, and chaired for fifteen years EO's premiere CEO program, the "Birthing of Giants" held at MIT, a program in which he still teaches today.
Founder and CEO of Scaling Up, a global executive education and coaching company with over 200 partners on six continents, Verne has spent the past four decades helping companies scaleup.
He's the author of the bestseller Mastering the Rockefeller Habits; authored The Greatest Business Decisions of All Times," for which Jim Collins wrote the foreword; and wrote Scaling Up (Rockefeller Habits 2.0) which has been translated into 22 languages and has won eight major international book awards including the prestigious International Book Award for Best General Business book. His latest book, Scaling Up Compensation, rocketed to the #1 HR book on Amazon.
Verne also chairs the annual ScaleUp Summits and serves on several boards including vice chair of The Riordan Clinic; co-founder and chair of Geoversity; and board member of the social venture Million Dollar Women. A private investor in many scaleups, Verne enjoys piano, tennis, and magic as a card-carrying member of the International Brotherhood of Magicians.
Sebastian Ross is a thought leader and consultant in the space of People, Culture, and Conscious Business. Sebastian started his career as an entrepreneur in the technology space and later as a partner in a venture capital firm. In recent years, Sebastian held leadership roles as CEO and other C-level positions with several international scaleups. He is currently the Director of the School of Founders Program at the IESE Business School in Barcelona.
--This text refers to the paperback edition.Excerpt. © Reprinted by permission. All rights reserved.
EXECUTIVE SUMMARY: Being different is key to any effective strategy – and that includes designing a “strange” compensation plan that incentivizes the behaviors your customers and other stakeholders expect. But make sure your comp plan aligns with your culture/core values or risk it being rejected. This is why it is dangerous to just copy someone else’s compensation plan. And don’t look at people as a cost; they are an investment. This mindset is crucial as you design a compensation plan that supports what we call a Good Jobs Strategy. This allows you to scale with less people, who are paid more, yet with a lower total cost basis than your competition – a win, win, win in the marketplace.
--This text refers to the paperback edition.Product details
- ASIN : B098VXJ1HK
- Publisher : ForbesBooks (July 2 2021)
- Language : English
- File size : 2417 KB
- Text-to-Speech : Enabled
- Screen Reader : Supported
- Enhanced typesetting : Enabled
- X-Ray : Enabled
- Word Wise : Enabled
- Print length : 164 pages
- Best Sellers Rank: #191,338 in Kindle Store (See Top 100 in Kindle Store)
- Customer Reviews:
About the authors
Sebastian Ross is a thought leader and consultant in the space of People, Culture, and Conscious Business. Sebastian started his career as an entrepreneur in the technology space and later as a partner in a venture capital firm. In recent years, Sebastian held leadership roles as CEO and other C-level positions with several international scaleups. He is currently the Director of the School of Founders-Program at the IESE Business School in Barcelona.
Sebastian co-founded the Spanish chapter of Entrepreneurs’ Organization (EO). He co-founded the Spanish Conscious Capitalism chapter and is currently the President of the Spanish Conscious Capitalism Foundation.
Sebastian received a Ph.D. and an MBA from the University of Cologne, a Master of International Business Administration from ESADE Business School in Barcelona. He participated in the Entrepreneurial Masters Program at the Massachusetts Institute of Technology. He is also an elected member of the Royal European Academy of Doctors.
Sebastian is German and has been living in Barcelona for over 20 years. He is married and has two sons.
Verne Harnish is founder of the world-renowned Entrepreneurs’ Organization (EO), with over
16,000 members worldwide, and chaired for fifteen years EO’s premiere CEO program held at MIT,
a program in which he still teaches today.
Founder and CEO of Scaling Up, a global executive education and coaching company with over
200 partners on six continents, Verne has spent the past four decades helping companies scaleup.
He’s the author of the bestseller Mastering the Rockefeller Habits; authored The Greatest Business
Decisions of All Times," for which Jim Collins wrote the foreword; and wrote Scaling Up (Rockefeller
Habits 2.0) which has been translated into 22 languages and has won eight major international book
awards including the prestigious International Book Award for Best General Business book. His latest
book, Scaling Up Compensation, rocketed to the #1 HR book on Amazon.
Verne also chairs the annual ScaleUp Summits and serves on several boards including vice chair of
The Riordan Clinic; co-founder and chair of Geoversity; and board member of the social venture
Million Dollar Women. A private investor in many scaleups, Verne enjoys piano, tennis, and magic as a
card-carrying member of the International Brotherhood of Magicians.
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The staff have an inspection in early August. After reading, I dropped the idea of a bonus and promised them dinner on the 21st floor of a rooftop bar if we pass the inspection.

