Key Questions Issues to Consider When Preparing a Compensation Philosophy Statement What drives profits and value in your organization? What is your profit formula (i.e, your business model)? How do you currently define value creation?... View Article
Compensation Philosophy Statement All organizations need to think through a core philosophy that guides how its leadership makes compensation decisions and what the company’s rewards strategy will be. That pay philosophy is formulated by company... View Article
FoxHill Compensation Philosophy Statement (Sample) FoxHill compensation philosophy has one overarching goal: rewarding employees for driving outstanding business performance. This goal will be accomplished by rewarding exceptional performance with above market compensation when outstanding business... View Article
The BonusRight Solution Example #3: $600 Million Plumbing Supply Distribution Company, 1,800 employees CEO Concern: “I think our total compensation package is pretty rich for our executives. We don’t have trouble attracting top talent in... View Article
The BonusRight Solution Example #2: $77 Million Revenue Warehousing and Logistics Company, 350 employees CEO Concern “We’ve benefited from our profit sharing approach to bonuses. But we now operate three different divisions. Some managers... View Article
The BonusRight Solution Example #1: $3.5 Million Revenue Financial Services Firm, 16 employees CEO Concern “Our employees treat the bonus plan payments as an entitlement. They... View Article