#33 Line up your incentives

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To continue the plant analogy, if you want a nice garden, you have to ensure adequate sunlight, water, pesticides, and fertilizer for your plants.

Similarly, to develop your leaders, you need to review and adjust your incentives. Designing a proper incentive plan is an art and science in itself. Suffice to say, if you know the outcomes of your incentive plan, you can predict the behaviors much better than all the statements and slides used to describe your business strategy.

The key items to check are:

  • Will the leadership training emphasize the right behaviors targeted by your incentives?
  • Will the leaders face mixed messages from your incentives when they return to the workplace from a training session?
  • Are there additional resources and capabilities needed to facilitate leadership behaviors? Sometimes training and incentives are not enough.

If you need to hire a compensation specialist, that is fine, but a good compensation specialist will ask you to articulate the above anyway.

By following this line of thinking, you are taking a systems approach to developing your leadership bench.

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