The New Pay: Linking Employee and Organisational Performance

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9780787902735: The New Pay: Linking Employee and Organisational Performance
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When change is underway, pay can be a powerful communicator of values and directions. And in today′s challenging business environment, the need to use pay strategically is more important than ever as organizations and their leaders look for ways to improve outcomes, performance, productivity, and teamwork. Linking rewards to business goals and competencies is essential to gain competitive advantage through people.

Based on extensive research with Fortune 100 companies and on their own consulting work with companies in various industries worldwide, Jay R. Schuster and Patricia K. Zingheim offer a powerful strategy for making pay a positive force for organizational excellence. This pioneering work includes the first "best practices" study to show the impact of pay practices on organizational performance. With numerous sample pay strategies and examples of pay tools that can be adapted to a wide range of situations, the authors provide how–to guidance to executives, managers, and human resource and compensation specialists––anyone responsible for developing base pay, incentive, and benefit plans.

Where traditional models of compensation and reward no longer serve the best interests of organizations and the employees who must make companies succeed, The New Pay provides the critical tools for creating a total compensation strategy and pay programs that add value and support organizational success.

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Review:

?Useful to any enterprise?large or small, successful or struggling.?(Industry Week)

?A challenging road map for the future of pay systems in organizations?Ought to be read by everyone who impacts total employee compensation in today′s business environment.?(From the foreword by Edward E. Lawler III, author of From the Ground Up and Rewarding Excellence)

?A fine presentation of world–class agAnda from the pay viewpoint.?(Richard J. Schonberger, author of Building a Chain of Customers and World Class Manufacturing: The Next Decade)

?Schuster and Zingheim revolutionize old–line compensation systems with The New Pay. By showing how modern pay plans develop talent over the long run, they demonstrate how to make the best possible investment in a company′s future.?(Nancy K. Austin, coauthor of A Passion for Excellence and coauthor of Five–Star Leadership)

?This book is full of truly innovative ideas for relating pay to measures of performance?not just for executives but for everyone.?(Robert H. Waterman, Jr., coauthor of In Search of Excellence and Adhocracy)

Synopsis:

In today's competitive global economy, organizations are re-evaluating and adapting their philosophies of management, organization and service. Systems of pay, however, have been largely resistant to change. This work offers strategies for employee compensation that companys can use to increase their competitiveness and achieve superior performance. Based on a study of Fortune 100 companies, as well as on their extensive experience as consultants in developing plans for base pay, variable pay and indirect pay, the authors demostrate how "new pay" can in fact help form a strategic partnership between organizations and their employees.

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9780669153583: The New Pay: Linking Employee and Organizational Performance

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ISBN 10:  0669153583 ISBN 13:  9780669153583
Publisher: Jossey Bass, 1992
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