Tech Economics Roundtable
NABE members can access webinar recordings on the Podcasts page. For archived materials from past events, please email us.
Applications of Behavioral Economics: Designing Compensation Plans to Attract Talent
Wednesday, February 12, 2020
2:00pm - 3:00pm ET
Brian Hall, Albert H. GordonProfessor of Business Administration, Harvard Business School
Moderator: Michael Luca, Lee J Styslinger III Associate Professor of Business Administration at Harvard Business School, and co-author of The Power of Experiments: Decision Making in a Data-Driven World
The rise of behavioral economics and people analytics has dramatically transformed our understanding of how to design a compensation system for employees. Well-designed systems can lead to higher productivity and employee satisfaction. At the same time, research has highlighted predictable and avoidable mistakes that companies can make in designing a compensation plan. In this webinar, we will discuss the main components of compensation that managers should be thinking about when designing incentive plans for employees – focusing on both financial and non-financial outcomes. We will then explore common mistakes in the design of incentive plans. We are also living in an era with more data than ever before – we will explore the ways in which new data sources allow for better performance measurement, and limitations of performance metrics. Please join us for a discussion with Harvard Business School Professor Brian Hall, one of the world’s leading authorities on the design of employee compensation and incentive plans.