“Some exotic species in the kingdom of variable pay instruments” was the theme of ECN’s second quarterly dinner held in Zurich (CH) on March 6th.  Twenty participants from as far as Denmark and Spain gathered at the “Haus zum Rueden” for a very inspiring presentation by Olaf Flippo, Head of Compensation for Novartis and ECN Advisory Board member.

Over the course of the 3 course dinner, Olaf Flippo’s presentation provided the basis for some in-depth discussion on the usefulness and application of “exotic” variable pay instruments.  Consensus was quickly found on the application of these, often more complicated, compensation structures: They are great fun if you like numbers but for the sake of our employees, let’s keep it simple.