Companies that rewards actions that favors long term stability
November 15, 2012 11:11 PM Subscribe
I am looking for examples of banks (or other financial institutions) known for having a compensation structure that rewards actions in the long term interests of the institution.
I am looking for examples that differs from how some investment banks rewarded employees before the late 2000s recession.
I would also love to hear about any institution that changed their compensation structure significantly after the recession (seeking to reward actions in the long term benefit of the company).
Any information on the subject helps. Thank you, hivemind!
I am looking for examples that differs from how some investment banks rewarded employees before the late 2000s recession.
I would also love to hear about any institution that changed their compensation structure significantly after the recession (seeking to reward actions in the long term benefit of the company).
Any information on the subject helps. Thank you, hivemind!
Depending on how you look at it, either they all do or none do.
On the one hand, all companies reward employees for "actions in the long term interests of the institution." Those employees get promotions because the company sees their long-term value.
If you're asking for something more akin to a bonus, I think it's functionally incompatible with how those things work. Bonus money exists at the end of the year based on the company's finances that year, so it exists to reward contributions to that year's success.
posted by mkultra at 5:48 AM on November 16, 2012
On the one hand, all companies reward employees for "actions in the long term interests of the institution." Those employees get promotions because the company sees their long-term value.
If you're asking for something more akin to a bonus, I think it's functionally incompatible with how those things work. Bonus money exists at the end of the year based on the company's finances that year, so it exists to reward contributions to that year's success.
posted by mkultra at 5:48 AM on November 16, 2012
When a corporation gives employees securities that vest years later, that rewards actions that look after the medium-term interests of the institution. But unless you're an executive or are at a small firm, your individual actions are not going to have much impact on this.
posted by grouse at 9:17 AM on November 16, 2012
posted by grouse at 9:17 AM on November 16, 2012
This thread is closed to new comments.
posted by lohmannn at 5:20 AM on November 16, 2012