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yes she died on valentines day.

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Q: How do you design a compensation plan for divisional managers?
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Why would a deferred compensation be needed?

Deferred compensation is when an employee is paid some of his wages at a later date instead of when it is owed. One would get deferred compensation when one has a pension plan or a retirement plan.


Define the meaning of a deferred compensation plan?

The phrase "deferred compensation plan" is defined to mean a compensation package in which the recipient will receive the funds at at future date. Examples include pensions and retirement plans.


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Managers need to have a plan of action and figure out in advance what the reaction and consequence of each step of the plan will be. Managers need to lead by providing guidance, ensuring everybody understands the plan, and adapt the plan to reality. Managers need to be in charge of organizing; making sure everybody understands what needs to be done and how to do it. Managers need to ensure that their are controls in place that his plans are executed and that he doesn't have to micro-manage every step.


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