Due to the complex nature of compensation package design and performance management, many possible pitfalls and expensive errors can occur. Because each country, state, and even industry have different laws and regulations for compensation systems, it is impossible to offer a step-by-step guide to compensation plan pitfalls that can be used in all situations. Trying to design a compensation strategy yourself can be daunting for some companies and can lead to costly mistakes.
Review the 5 most common mistakes made by compensation managers and understand how to avoid them.
