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Aligning pay and results : compensation strategies that work from the boardroom to the shop floor / Howard Risher, editor.

Contributor Risher, Howard W.

Imprint:New York : American Management, c1999.

Descriptionxii, 324 p. : ill. ; 24 cm.

Note:"Published in cooperation with (ACA) American Compensation Association."

Note:Aligning Pay and Results / Howard Risher. - Moving to a Pay-for-Performance Strategy: Lessons From the Trenches / Edward Sullivan. - Aligning Executive Pay and Company Performance / Richard J. Barrister, Jr., William Gentry. - Aligning Executive Pay and the Creation of Economic Value / Jude T. Rich. - Aligning Compensation and Stock Ownership / Eric P. Marquardt. - Aligning Directors' Compensation With Company Performance / Pearl Meyer. - Paying for Competencies: Rewarding Knowledge, Skills, and Behaviors / James T. Kochanski, Howard Risher. - Paying Employees to Develop New Skills / N. Fredric Crandall, Marc J. Wallace, Jr. - Aligning Pay to Group Results / Thomas B. Wilson. - Aligning Pay to Team Results / Steven E. Gross. - Global Pay and Results / Neil K. Coleman. - Communicating Pay: Using Marketing Principles to Sell Compensation / Richard J. Anthony, Sr. - Using Pay as a Tool to Achieve Organizational Goals / Howard Risher.

Bibliography Note:Includes bibliographical references and index.

Note:This volume is must reading for anyone interested in the budding area of pay-for-performance--individual, group, team, or organizational. Risher (Wharton School, Univ. of Pennsylvania) has assembled 13 practitioner-consultants who report on their experiences with compensation strategies linked to organizational outcomes. Although a number of articles focus on executive compensation and the motivating effects of incentive-based compensation, the majority of commentaries examine pay-outcome linkages for rank-and-file organizational members. For example, Risher and Kochanski (Sibson & Company) and Crandall and Wallace (both with the Center for Workforce Effectiveness) address competency-based pay--pay for organizationally valued knowledge, skills, and behaviors. These are followed with a series of articles that discuss pay and group outcomes. Wilson (Wilson Group) explores group incentive plans; Gross (William M. Mercer Inc.) looks at team-based pay; and Coleman (Organization Resources Counselors) analyzes results-based pay from a global perspective. Finally, Anthony (Solutions Network) uses marketing principles to sell and communicate compensation changes, and Risher concludes with a discussion of pay as a key motivating technique for obtaining desired organizational outcomes." -- Choice review



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Risher, Howard W.
American Management Association.
American Compensation Association.
Subject:
Compensation management.
Wages and labor productivity.
Wage payment systems.
Executives -- Salaries, etc.