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Intel
At Intel, rewards are clearly linked to
performance. About half of pay is tied to company and/or divisional
performance, and more than 70% of employees have rights to purchase stock
options. The way Intel management sums this up is, The reward system
reinforces the company's high expectations of its employees to grow, learn,
innovate, and
lead.
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GE
GE used to reward success in an unusual way. If an executive and his or
her team exceeded their objectives they were challenged, the next year, to
meet tougher goals with fewer resources and smaller budget. Those who
experienced this hard practical school have learned how to achieve more with
less.
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Monsanto
At Monsanto, reward systems focus
on
growth and instill a sense of
ownership
in the corporation. Monsanto granted stock option to many
employees. Economic Value Added (EVA) was adopted as the primary measure of
financial performance. Incentive
plans are tied to EVA. Employees
have had a portion of their incentive
converted into option...
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You need to engender a sense of personal investment in all your
employees – which comes down to three things: responsibility,
accountability, and shared success. |
Michael
Dell
Dell Inc. |
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