COVID-19: Consider These Individual Performance Metrics

By Randi Morrison posted 05-18-2020 09:03 PM

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On the heels of its recent article: "The Role of Non-Financial Metrics in Annual Incentive Programs" (which we reported on here - see "Consider This"), Pay Governance offers another thoughtful, refreshing approach to crafting pay metrics that make business sense under these COVID-19 circumstances for those companies that include individual performance factors in their annual incentive plans. The firm's new article: "Modifying the Individual Performance Factor in Response to the COVID-19 Pandemic" suggests metrics that align with, motivate, and create accountability for behavior consistent with company priorities and objectives that likely were not contemplated pre-pandemic, including business continuity plan execution, developing and communicating an emergency succession plan, directing creativity and innovation, and pivoting strategy to mitigate risks and seize opportunities.

This post first appeared in the weekly Society Alert!

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