Reference no: EM133324094 , Length: word count:1200
Compensation Management
Incentive Plans Run Off Assignment Instructions
Read the article "What Gets Measured, Gets Managed" by Witman (2018) located in the assigned Module: Week's Learn section.
Describe how the Wells Fargo community bank incentive plan resulted in unethical and in most cases, illegal behavior. How did the program objective (8 products per customer) contribute to the misbehavior of employees? Do you think that incentives for higher ranking employees (i.e. executives of the community bank) played a part in the depth and scope of the problems? Thinking more broadly, the plan started in 2003 and did not become exposed as a problem until late 2016. What role could the compensation group have played in minimizing the likelihood of cheating to earn incentives when structuring the plan? Finally, what is HR (Comp and Benefits) moral and ethical responsibility when designing such plans?
The specific requirements are as follows:
- Cover page, abstract, reference page, and appendices do not count toward the minimumn age length requirement.
- At least 5 scholarly sources are required.
- Use the current APA manual to ensure that you correctly cite your sources and quotations.
- The use of sources such as Wikipedia, Investopedia, blogs, personal, consulting or corporate websites are discouraged and will not count toward the required 5 references.
- Use of term paper or solutions-type websites is not allowed and will be treated according to the terms of academic honesty requirements.
Article - Teaching Case "What Gets Measured, Gets Managed" The Wells Fargo Account Opening Scandal by Paul D. Witman