Background Jeff Hyman, Chief Talent Officer of Strong.docx - Background Jeff Hyman Chief Talent Officer of Strong Suit Executive Search in his 2016

Background Jeff Hyman, Chief Talent Officer of Strong.docx...

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Background Jeff Hyman, Chief Talent Officer of Strong Suit Executive Search, in his 2016 opinion piece in Entrepreneur, titled ‘Why paying your team members the way Tesla pays Elon Musk will improve their performance’, suggests the following:  Top performers should earn outsized bonuses and raises as compared to poor performers.  Consider using stock or stock options in addition to cash to reward exceptional people
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who are vital to organisation’s success.  The peanut butter approach (spreading bonus money around so that everyone gets something and no one gets too much) does not encourage superior performance.  Compensation plan must support a culture that allows rock stars to flourish and weeds out poor performers. In light of the above, critically evaluate the current compensation practices in your organisation or an organisation you know well. Address the following tasks in your assignment using relevant
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concepts and principles outlined in this subject.
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  • Fall '16
  • Christopher L. Litten, MA, Ph.D.

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