Compensation As Task-relevant Feedback: Bonus Schemes, Salaries, and Promotions
This is the fourteenth episode in my series on High Output Management by Andy Grove. In this episode, you'll learn about compensation as task-relevant feedback, designing performance bonus schemes, determining base salaries, deciding on who to promote, and recycling failed promotions. You can watch the previous episodes here: Episode 1: Andy Grove, Intel's early history, and the three core concepts of High Output Management, you’ll also learn about the basics of production, production operations, and how to deal with complications. https://www.youtube.com/watch?v=xnjByFtiN7Q Episode2: Introduction to management, indicators, controlling future output, assuring quality, and increasing productivity. https://www.youtube.com/watch?v=losK4XdIW8Y Episode 3: Managerial leverage, the five managerial activities, increasing output through leverage, delegation, and time management, the correct number of direct reports, and how to deal with interruptions. https://www.youtube.com/watch?v=23IFp-Khw4A Episode 4: Process-oriented versus mission-oriented meetings, how to use meetings to increase leverage, and how much time you should spend in meetings. https://www.youtube.com/watch?v=0K99BC9N5O8 Episode 5: The ideal decision-making process, the peer group syndrome, and the six questions you need to answer before making a decision. https://www.youtube.com/watch?v=yOF8nEdPCKw Episode 6: The three stages of the planning process, the output of the planning process, and management by objectives and key results (OKRs). https://www.youtube.com/watch?v=-KPxkaC4lu0 Episode 7: The centralization-decentralization dichotomy and mission-oriented, functional, and hybrid organizations. https://www.youtube.com/watch?v=go2HBYwZpYI Episode 8: Dual reporting and how to make hybrid organizations work. https://www.youtube.com/watch?v=l9mEO4JlPQY Episode 9: https://www.youtube.com/watch?v=-yxRrl7PRJA Episode 10: https://www.youtube.com/watch?v=JkHbQGqVORA Episode 11: https://www.youtube.com/watch?v=NsK48Scu4ZM Episode 12: https://www.youtube.com/watch?v=dAEx8mJv1h0 Episode 13: https://www.youtube.com/watch?v=vsbvYUhePeM If you enjoyed this episode, please consider subscribing on: YouTube: https://www.youtube.com/channel/UCM7XtcUELeI724Du4I5RSHg Spotify: https://open.spotify.com/show/6EXzzRabsg7VTFhoVnb08q Apple Podcasts: https://podcasts.apple.com/us/podcast/abi-tyas-tunggal/id1554623414 For a full transcript and additional resources related to this episode, see here: https://tyastunggal.com/p/high-output-management-by-andy-grove If you'd like to buy a copy of High Output Management by Andy Grove: https://amzn.to/3kBafu9 Looking for a remote job? Check out Himalayas.