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in this video were going to talk about variable compensation for example when is variable compensation useful when isnt it useful i think im going to learn a whole lot starting right now hi there im andrea adams and the host of hr shop talk on this show you get expert insight into all things hr i encourage you to subscribe to the show by clicking on the button at the bottom of the screen or subscribe to the podcast where you can continue to get expert insight from my smart guests today my guest is david pan david is a leader in global compensation and analytics that david started out in consulting but has most recently been working in mining and shipping welcome david how are you im good how are you andrea im im good im good and uh im looking forward to this its gonna be useful so i know in our other conversation we digress before the conversation even started but let us not do that let us dive right in there we go what are the key principles of good incentive based compensat