Compensation Plan Self Assessment
15 Questions
| Attempts: 131
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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