Costco’s Compensation Policy - Commoncog Case Library
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How Costco approaches compensation, in Jim Senegal’s own words.
In 2015, author and consultant Stan Slap published the following interview with Costco’s Jim Sinegal and Craig Jelinek on how the company’s approach to employee compensation started. Slap writes in Under The Hood (all bold emphasis added): But what was the genesis of the decision to approach performance reinforcement this way? Was it the right thing to do, or simply the right thing to do for the business? I asked Costco co-founder Jim Sinegal and CEO/President Craig Jelinek how the approach originated. And what it means to them professionally and personally. JIM: It was a business…
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