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Experts advise bonus pay documentation, communication

You’re knocking it out of the park. Association revenue is up, reserves are growing, annual meeting attendance is above prepandemic levels, and your advocacy team blunted the impact of an adverse law or regulation.But when you talk to the executive compensation committee at year end, the members award a modest bonus. You’re beyond disappointed, while they consider themselves generous.How do you avoid such a letdown?Compensation experts say the keys are documentation and communication. The metrics for determining your incentive pay must be clear. You should brief the association’s volunteer leaders on your progress throughout the year, have an annual performance review, and document all bonus… Read More