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dulce calderon
on Nov 19, 2024

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Incentive compensation for employees, such as bonuses, should be tied to balanced scorecard performance measures only if managers are confident that the performance measures are easily manipulated by those being evaluated.

Incentive Compensation

A form of performance-based pay awarded to employees for meeting or exceeding specific goals or benchmarks.

Balanced Scorecard

A strategic planning and management system that organizations use to communicate what they are trying to accomplish, align the day-to-day work with strategy, and monitor progress towards strategic targets.

Performance Measures

Performance measures are various metrics used to assess, compare, and track the efficiency, productivity, and success of an organization's activities.

  • Recognize the role of incentive compensation and its link to performance measurement.
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KAREENA BILLANov 22, 2024
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