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Running head: PERFORMANCE BASED COMPENSATION using A BALANCED SCORECARD

Performance Based Compensation utilize a Balanced Score Card


Abstract

SAC give choose the Balanced Scorecard for use in improving operations. The BSC will be used in particular to improve everywhither capital punishment of SAC however; we will focus on Sales, financial, employee skill-set and production of spark plugs. To increase the participation and likelihood of triple-crown buy-in and execution of the newly BSC, SAC will associate requital to performance as measured using the BSC. Recognizing that allowance give the sack provoke attitudes of better performance among employees SAC thought it would be wise to moderate the two associated. A recognized gainsay with tying compensation to performance is that it can lead to unethical behavior to increase compensation. In this memo we will utter what factors essential be considered to reduce if not eliminate unethical behavior with the new BSC and compensation being tied to performance as the BSC measures.

| Sparklin Automotive Company|
Memo
To:Jackie Russell, Chief financial Officer
From:Carlin Tools, Sr.



Financial Officer
CC:SAC Board of Directors
Date:2/14/2012
Re:Balanced Scorecard and compensation
Balanced Scorecard Implementation
deep SAC has thoroughly reviewed the usage and benefits of adopting the Balanced Scorecard (BSC) here at SAC. We have found that the BSC will be dear to SAC improving customer satisfaction, production quality, sales and financially. decision making to use SAC is just the beginning, now SAC must employ its usage and make sure it is exercised throughout the organization. We have found that implementation and exercising the BSC is best done when associating compensation to its usage and accomplishing goals it is used to obtain. This memo is set to address this new compensation for performance and how we establish it making sure there are no unethical practices used to accomplish goals or compensation....If you want to get a full essay, order it on our website: Ordercustompaper.com



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