This Joel On Software article[0] is my favorite work on compensation. It details a ladder system that exposes everyone's salary as well as the requirements to move up. The lack of individual bonuses is an interesting twist and I'm thinking that it might not work in a large company where you can't directly influence the direction of the company.

Then again, when requirements are clear it becomes much easier to make decisions that benefit the company. "Maybe we don't need to have the company retreat in Tibet this year."

[0] https://www.joelonsoftware.com/2000/08/30/fog-creek-compensa...