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Product Description
Pay People Right!: Breakthrough Reward Strategies to Create Great Companies (Jossey Bass Business and Management Series) (9780787940164): Jay R. Schuster: Books. With all that has been written about organizational change, improving performance, and increasing productivity, surprisingly little attention has been paid to the role that compensation plays in those efforts. Zingheim and Schuster, who are partners in a benefits consulting firm and the authors of The New Pay: Linking Employee and Organizational Performance (1992), address the issue of pay head-on. Their overriding theme is that compensation systems must be in alignment with a company's strategic goals and that pay is a powerful communicator of values and directions. To correct common misalignments, they introduce the concept of total rewards and examine six reward principles. They explain that base pay should be a reward for individual ongoing value, contrast short-term and long-term variable pay as rewards for performance, and emphasize the importance of recognizing and celebrating success. They also address special situations such as rewards for teams, sales achievement, scarce talent, and key executives, and they look at the effects of mergers and acquisitions and globalization on pay systems. David Rouse
Shipping Weight: 2 pounds
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