Want to pay for performance? Take a long-range view to avoid problems. Some incentive-pay plans are designed in a shortsighted manner by rewarding workers for the wrong efforts. A plan that pays bonuses to those who cut costs may appear sensible, but it can prove misguided. That’s because employees who are overeager to cut costs may lose sight of value-added services that could produce additional pockets of profit.
Microsoft® Excel® dashboards are a powerful way to pull together different information in a single place to give a high-level overview of a business. A meaningful “big picture” view of business activities can drive the allocation of scarce resources....Click here to find out more.