By Howard Risher
Confirmed pay-for-performance strategies from a number of the country's top reimbursement specialists. Measuring functionality is now average method in any respect degrees of commercial. however the typical extension--linking functionality to repayment for each employee--is basically commencing to be famous as a precious method for persisted organizational luck. With a breadth of workmanship unavailable in the other resource, this publication deals insights from fourteen favorite repayment specialists. They talk about such themes as: * constructing and fitting incentive plans for all staff * speaking adjustments in reimbursement courses * designing incentive plans round new functionality techniques just like the Balanced Scorecard and monetary price * government reimbursement * team incentives and team-based pay.
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Additional resources for Aligning Pay and Results: Compensation Strategies That Work from the Boardroom to the Shop Floor
Everyone knows that their pay and importance depend on how their points slot them in the hierarchy. Moreover, more than a few evaluation systems rely on budget responsibility or staff size to determine a job's valueat a time when a goal of almost every organization is to reduce budgets and staff size! All of this is commonly controlled by "personnel police," who spend a lot of time arguing with managers and job incumbents about why their claims that a job should have a higher salary are not valid.
The intent is to provide an incentive for employees to assume greater responsibility for developing the skills and competencies that will make them more valuable. The use of incentives is not new. Profit sharing is now over one hundred years old, gain sharing was conceived in the 1930s, and executive incentives and stock ownership arrangements have been part of executive compensation since the end of World War II. What is new is the reliance on incentives as a flexible management tool that needs to be molded to the situation and changing organization priorities.
212-903-8083 This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is sold with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional person should be sought. Library of Congress Cataloging-in-Publication Data Aligning pay and results : compensation strategies that work from the boardroom to the shop floor / Howard Risher, editor.