The economics of happiness is not a new thing - Among others, Richard Layard, the "happiness economist" has been advising governments for decades on ways to measure and impact the collective happiness of individuals in the best way possible1. Increasingly, countries are coming to the realization that focusing on GDP growth is not making the... Continue Reading →
Pay-for-performance – The Good, The Bad, and The Ugly
"You May Run The Risks, My Friend, But I Do The Cutting. If We Cut Down My Percentage... Who Knows? It Might Just Interfere With My Aim." Blondie Many private companies consider the implementation of a formal annual bonus plan to be something "required" prior to an IPO. After all, if you pay people to... Continue Reading →