1. "The compensation philosophy must actively reinforce the company’s strategy and vision to achieve its objectives. • Compensation programs must be consistent with legal and regulatory requirements. • Compensation should be consistent with the financial requirements and administrative capabilities of the company. • Compensation must be consistent with both internal equity and external requirements to attract, retain, and motivate talented employees. • Compensation program details must be based on clearly defined jobs and their role within the buying and selling process."
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Lance A. Berger, The Compensation Handbook: A State-of-the-Art Guide to Compensation Strategy and Design
2. "Communication. Communication is an often-overlooked aspect of incentive plan implementation and can be one of the most critical aspects of ensuring plan effectiveness."
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Lance A. Berger, The Compensation Handbook: A State-of-the-Art Guide to Compensation Strategy and Design