Compensation Plan Self Assessment

15 Questions | Total Attempts: 105

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Self Assessment Quizzes & Trivia

This self-assessment was designed by EcSELL Institute partner, Mike Higgins & Associates based on their STAKEHOLDER model of compensation planning. It includes 15 question to assess the performance compensation program at any organization.


Questions and Answers
  • 1. 
    Is your program aligned with your strategic and tactical priorities?
    • A. 

      Yes

    • B. 

      No

  • 2. 
    Does your program simultaneously benefit employees, owners, and customers?
    • A. 

      Yes

    • B. 

      No

  • 3. 
    Does your program put base pay at risk?
    • A. 

      Yes

    • B. 

      No

  • 4. 
    Is your program limited to a few "key" individuals?
    • A. 

      Yes

    • B. 

      No

  • 5. 
    Does your program encourage teamwork?
    • A. 

      Yes

    • B. 

      No

  • 6. 
    Does your program create business literacy?
    • A. 

      Yes

    • B. 

      No

  • 7. 
    Does your program reward for financial results instead of activity?
    • A. 

      Yes

    • B. 

      No

  • 8. 
    Does your program utilize multiple measures?
    • A. 

      Yes

    • B. 

      No

  • 9. 
    If your program uses multiple measures, are they subjectively weighted and prioritized?
    • A. 

      Yes

    • B. 

      No

  • 10. 
    Does your program communicate the exact reward potential before it begins?
    • A. 

      Yes

    • B. 

      No

  • 11. 
    Is your program self-funding?
    • A. 

      Yes

    • B. 

      No

  • 12. 
    Does your program have a maximum reward that cannot be exceeded?
    • A. 

      Yes

    • B. 

      No

  • 13. 
    Does your program have a consequence for underachievement?
    • A. 

      Yes

    • B. 

      No

  • 14. 
    Does your program include a deferred payout option?
    • A. 

      Yes

    • B. 

      No

  • 15. 
    Does your reward program create an environment where employees are encouraged to think and work like owners?
    • A. 

      Yes

    • B. 

      No

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