There are several ways to tie performance to incentives. One common method is to set specific, measurable, achievable, relevant, and time-bound (SMART) goals for employees. When these goals are met or exceeded, the employee receives a predetermined incentive. This could be a bonus, a raise, additional vacation time, or other benefits. Another method is to use a profit-sharing system, where employees receive a portion of the company's profits based on their performance. This not only incentivizes high performance, but also encourages employees to work towards the company's overall success.
How do you translate strategy into results? Execution is both an organizational culture and a specif...
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