People, Performance, & Pay: Dynamic Compensation for Changing Organizations - Softcover

Flannery, Thomas P.

Softcover

ISBN 10: 074323653X ISBN 13: 9780743236539

Publisher: Free Press, 2002

Synopsis

Many businesses have not updated their pay philosophies and strategies for years, which is why People, Performance, & Pay is perfect for an business looking to innovate.

This book identifies four common work cultures that define organizations today and shows how to employ innovative pay policies to improve quality, productivity and other important goals in each type of organization.

About this title

About the Authors

Thomas P. Flannery is a co-author of People, Performance, & Pay.

David A. Hofricthter is a co-author of People, Performance, & Pay.

Paul Platten is a co-author of People, Performance, & Pay.

From the Back Cover

People, Performance, and Pay identifies today's four most common organizational work cultures - functional, process, time-based, and network - and explains how to align innovative pay policies with each. With examples from LEGO, Hallmark, Holiday Inn, and other leading organizations, the authors explain how to assess an organization's current culture and determine what its future culture should be. They then demonstrate pay's role in such change initiatives, and how compensation must be integrated with other human resource processes, such as selection, training, and performance management. They also discuss the full range of pay strategies available today and how they can be best used to move the organization forward; for example, they recommend decreasing an organization's emphasis on base pay as it shifts from a functional culture to a process, time-based, or network culture. They also offer guidance on establishing team rewards, especially important in process and team-based cultures, and make a compelling case for putting more pay at risk through variable pay strategies. Here also is strategic advice on competency-based pay, performance-based rewards such as gain-sharing, executive pay, and benefits programs. As responsibility for compensation strategies and compensation decisions shifts away from the realm of the Human Resource Department, line managers and senior executives will find People, Performance, and Pay an invaluable reference for effectively using salary, incentives, and benefits to motivate and reward employees, improve quality, and increase productivity.

Edition details

• Publisher: Free Press
• Publication date: 2002
• Language: English
• ISBN 10: 074323653X
• ISBN 13: 9780743236539
• Binding: Paperback
• Number of pages: 288