Reward strategic decision making

Articles

Reward strategic decision making

01/10/2014

The traditional basis for promotions, bonuses and other rewards has been exceeding short-term budget goals, without regard for positioning the organisation to cope with future risks or challenges.

For example, short-term gains can be achieved by; running down maintenance of infrastructure and equipment, delaying expensive investment, or reducing (or not continuing) professional development of staff.

Long-term key performance indicators (KPIs) need to be added and built into annual performance reviews.

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