New PDF release: Aligning Pay and Results: Compensation Strategies That Work

By Howard Risher

ISBN-10: 0814404588

ISBN-13: 9780814404584

ISBN-10: 0814424007

ISBN-13: 9780814424001

Confirmed pay-for-performance options from the various country's top reimbursement specialists. Measuring functionality is now common approach in any respect degrees of commercial. however the ordinary extension--linking functionality to reimbursement for each employee--is simply starting to be well-known as a invaluable technique for endured organizational good fortune. With a breadth of workmanship unavailable in the other resource, this booklet deals insights from fourteen trendy reimbursement experts. They speak about such subject matters as: * constructing and fitting incentive plans for all staff * speaking alterations in reimbursement courses * designing incentive plans round new functionality strategies just like the Balanced Scorecard and monetary worth * govt reimbursement * team incentives and team-based pay.

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Additional info for Aligning Pay and Results: Compensation Strategies That Work from the Boardroom to the Shop Floor

Sample text

This was a union shop, and the pay rates were relatively high. Many of the workers had started in these jobs after they finished military service and had worked in the plant for twenty or more years. In today's world, they might have gone to college. They knew as much or more about building truck tires as anyone in management and could probably have resolved most production problems, but no one ever asked them. There was a classic us-versus-them culture that the foremen seemed to share. They said as little as necessary to the workers, and their interactions were often limited to points of contention.

These systems date to the beginning of this century and to the work of Frederick W. Taylor and his principles of scientific management. His thinking became the standard for the organization and management of work across the world. He argued that jobs and work systems should be organized according to "scientific" principles that would guarantee efficiency and optimal production. Taylor's approach results in jobs designed to be simple, standardized, and highly specialized. Analysts study the tasks that have to be performed and break the worker's efforts down into work unitsone of the early Taylor disciples coined the word therbligs to refer to those unitsthat could be documented and managed.

The general agreement is that hard work and outstanding results deserve to be recognized in our society. Conversely, there is generally no organizational support for granting increases to poor performers, although supervisors often have trouble denying increases to the few individuals who are identified as marginal performers. Despite this, the reality is that merit pay has had more than a few critics. W. Edwards Deming, the quality management guru, was perhaps the most prominent. " 1 He argued strongly and persuasively that rewarding individual performance is a mistake.

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Aligning Pay and Results: Compensation Strategies That Work from the Boardroom to the Shop Floor by Howard Risher

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