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Incentive compensation for employees, such as bonuses, should be tied to balanced scorecard performance measures regardless of how long the scorecard has been in place.
Incentive Compensation
A form of payment designed to motivate and reward employees beyond their regular pay, based on their performance.
Balanced Scorecard Performance Measures
A strategic planning and management system used to align business activities to the vision and strategy of the organization, improve internal and external communications, and monitor organization performance against strategic goals.
- Recognize how incentive compensation can be tied to performance measures, including those in a balanced scorecard.
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Learning Objectives
- Recognize how incentive compensation can be tied to performance measures, including those in a balanced scorecard.
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