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Developing Strategic Compensation Plans
Author(s) -
Hufnagel Ellen M.
Publication year - 1987
Publication title -
human resource management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.888
H-Index - 94
eISSN - 1099-050X
pISSN - 0090-4848
DOI - 10.1002/hrm.3930260106
Subject(s) - compensation (psychology) , strategic planning , typology , process management , business , process (computing) , strategic control , strategic management , operations management , computer science , strategic thinking , marketing , economics , psychology , sociology , anthropology , psychoanalysis , operating system
Successful introduction of strategically‐oriented compensation plans depends on their “fit” with the firm's overall approach to strategic planning. Proposed approaches to designing management compensation systems are examined in terms of their potential fit with three different mental models of strategy and the strategic planning process to develop a parallel typology of compensation plans.