Compensation, Organizational Strategy, and Firm Performance

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Author :
Publisher : Thomson South-Western
ISBN 13 :
Total Pages : 444 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Compensation, Organizational Strategy, and Firm Performance by : Luis R. Gomez-Mejia

Download or read book Compensation, Organizational Strategy, and Firm Performance written by Luis R. Gomez-Mejia and published by Thomson South-Western. This book was released on 1992 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Next Generation Performance Management

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Author :
Publisher : IAP
ISBN 13 : 1681239345
Total Pages : 237 pages
Book Rating : 4.6/5 (812 download)

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Book Synopsis Next Generation Performance Management by : Alan L. Colquitt

Download or read book Next Generation Performance Management written by Alan L. Colquitt and published by IAP. This book was released on 2017-08-01 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is no HR-related topic more popular in the business press than performance management (PM). There has been an explosion in writing on this topic in the past 5 years, condemning it as a failure and calling for fundamental change. The vast majority of organizations use the same basic process which I call “Last Generation Performance Management” or PM 1.0 for short. Despite widespread agreement that PM 1.0 is failing, few companies have abandoned it or made fundamental changes to it. While everyone agrees it is broken, few agree on how to fix it. Companies continue to tinker with their systems, making incremental changes every few years with no lasting improvement in effectiveness. Employees continue to achieve amazing things in organizations every day, despite this process not because of it. Nothing has worked because organizations, business leaders and HR professionals focus on PM practices instead of the fundamental purpose of PM and the paradigms, assumptions, and beliefs that underlie the practices. Companies ask their performance management process to do too many things and it fails at all of them as a result. At the foundation of PM 1.0 practices is the ideology of a meritocracy and paradigms rooted in standard economic and psychological theories. While these theories were adequate explanations for motivation and behavior in the 19th and 20th centuries, they fail to account for the increasingly complex nature of organizations and their environments today. Despite the ineffectiveness of PM 1.0, there are powerful forces holding it in place. Information on rigorous, evidence-based recommendations is crowded out by benchmarking information, case studies of high-profile companies, and other propaganda coming from HR think tanks and consultants. Business leaders and HR professionals learn about common practices not effective practices. This book confronts the traditional dogma, paradigms, and practices of PM 1.0 and holds them up to the bright light of scientific scrutiny. It encourages HR professionals and business leaders to abandon PM 1.0 and it offers up a more appropriate purpose for PM, alternative paradigms to guide them and practical solutions that are better supported by scientific research, referred to as “Next Generation Performance Management” or PM 2.0 for short.

Compensation

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Publisher : SAGE
ISBN 13 : 0761921079
Total Pages : 320 pages
Book Rating : 4.7/5 (619 download)

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Book Synopsis Compensation by : Barry Gerhart

Download or read book Compensation written by Barry Gerhart and published by SAGE. This book was released on 2003-05-07 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: `Gerhart and Rynes provide a thorough, comprehensive review of the vast literatures relevant to compensation. Their insights regarding the integration of economic, psychological and management perspectives are particularly enlightening. This text provides an invaluable tool for those interested in advancing our understanding of compensation practices' - Alison Barber, Eli Broad College of Business, Michigan State UniversityCompensation provides a comprehensive, research-based review of both the determinants and effects of compensation. Combining theory and research from a variety of disciplines, authors Barry Gerhart and Sara Rynes examine the three major compensation decisions - pay level, pay structure and pay delivery systems.Revealing the impact of different compensation policies, this interdisciplinary volume examines: the relationship between performance-based pay and intrinsic motivation; implications of individual pay differentials for team or unit performance; the consequences of pay for performance policies; effect sizes and practical significance of compensation findings; and directions for future research.Compensation considers why organizations pay people the way they do and how various pay strategies influence the success of organizations. Critically evaluating areas where research is inconsistent with common beliefs, Gerhart and Rynes explore the motivational effects of compensation.Primarily intended for graduate students in human resource management, psychology, and organizational behaviour courses, this book is also an invaluable reference for compensation management consultants and organizational development specialists.

Designing an Effective Pay for Performance Compensation System

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Publisher :
ISBN 13 :
Total Pages : 64 pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis Designing an Effective Pay for Performance Compensation System by : United States. Merit Systems Protection Board

Download or read book Designing an Effective Pay for Performance Compensation System written by United States. Merit Systems Protection Board and published by . This book was released on 2006 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Of pay for performance -- Benefits and risks associated with pay for performance -- What are the goals of pay for performance? -- Who should be paid for performance? -- How should employees be rewarded? -- How should performance-based pay be funded? -- How can costs be managed? -- Who provides input to performance ratings? -- How can agencies facilitate pay system integrity?

Pay for Results

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Publisher : John Wiley & Sons
ISBN 13 : 047047811X
Total Pages : 288 pages
Book Rating : 4.4/5 (74 download)

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Book Synopsis Pay for Results by : Mercer, LLC

Download or read book Pay for Results written by Mercer, LLC and published by John Wiley & Sons. This book was released on 2009-03-17 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: The numerous incentive approaches and combinations and their implications can be dizzying even to the compensation professional. Pay for Results provides a road map for developing and implementing executive incentives that drive business needs and strategy. It is filled with specific analytic tools, including tables, exhibits, forms, checklists. In addition, it uncovers myths in performance measurement strategy and design. Timely and thorough, this book expertly shows businesses how to drive their specific needs and strategy. Human resources and compensation officers will discover how to apply performance metrics that align with shareholder investment.

People, Performance, & Pay

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Author :
Publisher : Simon and Schuster
ISBN 13 : 074323653X
Total Pages : 292 pages
Book Rating : 4.7/5 (432 download)

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Book Synopsis People, Performance, & Pay by : Thomas P. Flannery

Download or read book People, Performance, & Pay written by Thomas P. Flannery and published by Simon and Schuster. This book was released on 2002-01-15 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

COMPENSATION MANAGEMENT: Rewarding Performance

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Author :
Publisher : Global India Publications
ISBN 13 : 9789380228389
Total Pages : 328 pages
Book Rating : 4.2/5 (283 download)

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Book Synopsis COMPENSATION MANAGEMENT: Rewarding Performance by : S.S. UPADHYAY

Download or read book COMPENSATION MANAGEMENT: Rewarding Performance written by S.S. UPADHYAY and published by Global India Publications. This book was released on 2009-12 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book outlines a new way of looking at rewards-a holistic approach that uses measurement to determine what an organization actually valuses (in terms of skills, knowledge, experience and behaviors).Further it analyzes the impact of the braod spectrum of reward programs (pay benefits and carrers) on human capital and, in turn, on an organization's profitability.It discusses variable pay programmes, competency models to employee reward, talent management for business optimization, compenation in Not-For-Profit Organizations, designing the annual management incentive plan etc.

Compensation and Organizational Performance

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Author :
Publisher : Routledge
ISBN 13 : 1317473965
Total Pages : 405 pages
Book Rating : 4.3/5 (174 download)

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Book Synopsis Compensation and Organizational Performance by : Luis R. Gomez-Mejia

Download or read book Compensation and Organizational Performance written by Luis R. Gomez-Mejia and published by Routledge. This book was released on 2014-12-18 with total page 405 pages. Available in PDF, EPUB and Kindle. Book excerpt: This up-to-date, research-oriented textbook focuses on the relationship between compensation systems and firm overall performance. In contrast to more traditional compensation texts, it provides a strategic perspective to compensation administration rather than a functional viewpoint. The text emphasizes the role of managerial pay, its importance, determinants, and impact on organizations. It analyzes recent topics in executive compensation, such as pay in high technology firms, managerial risk taking, rewards in family companies, and the link between compensation and social responsibility and ethical issues, among others. The authors provide a thorough and comprehensive review of the vast literatures relevant to compensation and revisit debates grounded in different theoretical perspectives. They provide insights from disciplines as diverse as management, economics, sociology, and psychology, and amplify previous discussions with the latest empirical findings on compensation, its dynamics, and its contribution to firm overall performance.

Performance Is Everything

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Author :
Publisher : John Wiley & Sons
ISBN 13 : 1937351270
Total Pages : 224 pages
Book Rating : 4.9/5 (373 download)

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Book Synopsis Performance Is Everything by : August J. Aquila

Download or read book Performance Is Everything written by August J. Aquila and published by John Wiley & Sons. This book was released on 2017-05-15 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Compensation is the largest expense that a firm incurs. And yet, few firms really manage it well. The trick is realizing it is more complex than just splitting the pie. The crucial issues of compensation and performance are inextricably linked. In this important resource, experts August Aquila and Coral Rice offer a unique perspective on how you can align your compensation and performance management plans in order to boost performance, maximize profits, and keep both your staff and clients happy. This companion to Aquila and Rice’s successful AICPA publication, Compensation as a Strategic Asset, will pick up where that guide left off, offering readers the “Why, What, and How” for compensation plans filtered through the lens of performance management. The authors convey, in the simplest and clearest terms, how firms can improve overall firm performance by engaging in the following activities: Develop a compelling vision Develop a strategy for what you want to accomplish Have the right systems in place to help achieve the strategy Align individual goals with firm and departmental goals Create an effective performance review system Monitor performance monthly and quarterly for trends Provide higher performers with more rewards than average performers Ultimately, this guide is based on what other firms are doing, and let's you know why it’s working or why it’s not. By guiding you through a process and providing you with the tools to design a partner and staff compensation plan, Performance Is Everything will help you develop the plan that works for your firm.

COMPENSATION PERFORMANCE STRATEGY

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Author :
Publisher :
ISBN 13 :
Total Pages : 146 pages
Book Rating : 4.8/5 (859 download)

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Book Synopsis COMPENSATION PERFORMANCE STRATEGY by : John Lok

Download or read book COMPENSATION PERFORMANCE STRATEGY written by John Lok and published by . This book was released on 2022-02-07 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explains how different deparments can bring raising efficiency and improving performance benefits to every employees. This book include these chapters to explain how different HRM strategies can solve these organization challenges. This book is suitable to any readers have interest to learn different HR strategies to solve organizational behaviors challenges. It is suitable to human resource or organizational management or organizational behavioral subjects students to learn the essential HRM strategies how to solve any organizational challenges in business environment.

Compensation Performance

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Publisher :
ISBN 13 :
Total Pages : 130 pages
Book Rating : 4.5/5 (781 download)

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Book Synopsis Compensation Performance by : Johnny Ch Lok

Download or read book Compensation Performance written by Johnny Ch Lok and published by . This book was released on 2020-12-08 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: Does this organization lack fair reward on performance increasing wage compensation method to meet individual needs influence this team factory workers reduce manufacturing number?This company, Steve and Jack were electronic wire assemblies products factory manufactory workers ( members) among of this factory team, who had worked in this factory team five years. Bill was this company factory supervisor, who needed to supervise this workers team to help every business client to finish every electronic wire assemblies of products order to meet whose identified schedule, then delivered to them by shipping channel. Hence, if Bill, factory supervisor who could not lead whose workers team to co-operate to produce the identified electronic wire assemblies of products of numbers to finish to meet the individual business client's identified schedule before due date to deliver to them by shipping. It would cause that this company and the and the client would feel this company Mr Martin, office manager and Dave, shop of supervisor could not achieve their service agreement to finish electronic wire assemblies identifies numbers to deliver to them before schedule due date. The result would cause this company lost this client, even this company would accept guilty from this client's complaint. Hence, Bill, factory supervisor needed to lead whose workers team to work efficiently to achieve whose job responsibility to finish every individual business client identified good quality and non damaged of electronic wire assemblies of products of numbers to deliver to them by shipping before schedule due date.In fact, this factory workers team was combined ( co-operated) by every individual worker. Hence, if Bill, factory supervisor expected whose factory team could have good productivity and efficiency, who must individual needs. Otherwise, if some workers did not like to work hard, who would cause this team to delay to finish the identified electronic wire assemblies of numbers to deliver to the individual business client before the schedule due date. Hence, if ill, factory supervisor could satisfy every individual worker needs, then Bill could lead this team to perform more effectively and efficiently. If this factory work could be done by individual without any need for teamwork was not necessary in this factory. I supposed that this factory needed different workers worked in different steps to cooperate to finish every electronic wire assembly product. The reason was possible that because the employer felt every worker could be more proficient to practise to finish the identified step to co-operate to work together in one team, thus every worker could be raised productivity and efficiency in team, it could get more benefits than individual worker did all steps to finish every electronic wire assembly product alone in this factory. However, as the number of this factory team workers increased, the need for cooperation also increased. As some point, the effort of Bill, factory supervisor who managed the factory team who would outweigh the benefit of having more workers and this factory team performance would began to decline. Hence, if this factory team of worker numbers increased suddenly. Although, every business client's electronic wire assemblies of products individual order finishing time would be reduced possibly, but it seemed that Bill, factory supervisor would feel more difficult to spend more time to lead this team to manage every individual worker who how to co-operate to work more efficiency and who should also feel difficult to satisfy individual worker needs if this team increased many worker numbers sudden seriously. Hence, this factory team overall performance of efficiency and effectiveness would begin to decline for long term due to this factory team increased many worker numbers suddenly to cause every individual worker felt that who could not satisfy more needs than before.

Compensation

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Author :
Publisher : SAGE
ISBN 13 : 9780761921080
Total Pages : 326 pages
Book Rating : 4.9/5 (21 download)

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Book Synopsis Compensation by : Barry Gerhart

Download or read book Compensation written by Barry Gerhart and published by SAGE. This book was released on 2003-05-02 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt: `Gerhart and Rynes provide a thorough, comprehensive review of the vast literatures relevant to compensation. Their insights regarding the integration of economic, psychological and management perspectives are particularly enlightening. This text provides an invaluable tool for those interested in advancing our understanding of compensation practices' - Alison Barber, Eli Broad College of Business, Michigan State UniversityCompensation provides a comprehensive, research-based review of both the determinants and effects of compensation. Combining theory and research from a variety of disciplines, authors Barry Gerhart and Sara Rynes examine the three major compensation decisions - pay level, pay structure and pay delivery systems.Revealing the impact of different compensation policies, this interdisciplinary volume examines: the relationship between performance-based pay and intrinsic motivation; implications of individual pay differentials for team or unit performance; the consequences of pay for performance policies; effect sizes and practical significance of compensation findings; and directions for future research.Compensation considers why organizations pay people the way they do and how various pay strategies influence the success of organizations. Critically evaluating areas where research is inconsistent with common beliefs, Gerhart and Rynes explore the motivational effects of compensation.Primarily intended for graduate students in human resource management, psychology, and organizational behaviour courses, this book is also an invaluable reference for compensation management consultants and organizational development specialists.

The Executive Handbook on Compensation

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Author :
Publisher : Simon and Schuster
ISBN 13 : 0684842335
Total Pages : 888 pages
Book Rating : 4.6/5 (848 download)

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Book Synopsis The Executive Handbook on Compensation by : Charles H. Fay

Download or read book The Executive Handbook on Compensation written by Charles H. Fay and published by Simon and Schuster. This book was released on 2001 with total page 888 pages. Available in PDF, EPUB and Kindle. Book excerpt: For more than fifty years, human resources departments have turned to HayGroup for concrete, practical advice on how to structure compensation programs. Also the authority behind leading books on compensation, HayGroup renders all others obsolete with this publication -- the new last word on compensation. The Executive Handbook on Compensation speaks directly to businesses' most important concerns, highlighting dramatic changes in the world of business over the past decade -- changes caused by the globalization of the economy, the diversification of the workforce, new work habits including flexible time and telecommuting, and organizational shifts that require that compensation packages maximize employee-employer partnerships like never before. The Executive Handbook on Compensation shows managers how to: -- Reward and retain key people -- Determine affordable, appropriate pay scales -- Evaluate employee expectations and boost morale -- Develop nontraditional and contingency-based compensation -- Use the latest electronic media to improve the way businesses document, evaluate, price, and plan jobs

Strategic Compensation

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Publisher :
ISBN 13 :
Total Pages : 470 pages
Book Rating : 4.3/5 (555 download)

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Book Synopsis Strategic Compensation by : Joseph J. Martocchio

Download or read book Strategic Compensation written by Joseph J. Martocchio and published by . This book was released on 1998 with total page 470 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dr. Martocchio delivers a thoroughly modern approach to compensation and its role in promoting companies' competitive advantages. He not only addresses the traditional aspects of compensation, such as job analysis, salary surveys, and pay structure, but also tackles up-to-the-minute topics like knowledge-based pay, compensation for contingent workers, and executive compensation.

Integrated Performance Management

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Publisher : SAGE
ISBN 13 : 9781412901550
Total Pages : 356 pages
Book Rating : 4.9/5 (15 download)

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Book Synopsis Integrated Performance Management by : Kurt Verweire

Download or read book Integrated Performance Management written by Kurt Verweire and published by SAGE. This book was released on 2004-12-23 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: Linking various disciplines and management functions, Integrated Performance Management provides the reader with a concrete framework to manage organizations successfully. The authors do not isolate a single strategy to manage performance. Instead, the book focuses on a range of strategies providing the reader with an introduction to each one. The concepts under analysis were developed through intense dialogue with business managers. While maintaining academic rigour, Integrated Performance Management presents ideas that students will find relevant outside of the classroom. Postgraduate and MBA students in a range of areas including strategy, accounting, finance, operations management, marketing, leadership and human resource management will find this book useful.

Paying for Performance

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Publisher : John Wiley & Sons
ISBN 13 : 0471273740
Total Pages : 417 pages
Book Rating : 4.4/5 (712 download)

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Book Synopsis Paying for Performance by : Peter T. Chingos

Download or read book Paying for Performance written by Peter T. Chingos and published by John Wiley & Sons. This book was released on 2002-10-15 with total page 417 pages. Available in PDF, EPUB and Kindle. Book excerpt: An up-to-date, revised edition of the complete, practical guide to designing and implementing effective compensation plans A compensation package should be more than just the means to attract and retain talented executives. The right kind of plan can give your company a powerful strategic advantage. In Paying for Performance, Second Edition, consultants at Mercer Human Resource Consulting, Inc., one of the world's leading human resources consulting firms, give you the tools and techniques you need to design and implement a highly effective compensation program that will sharpen your company's competitive edge for years to come. The book also shows you how to understand shareholder expectations, government regulation, and a host of business and human resources issues. Paying for Performance, Second Edition: * Describes best practices used at America's top-performing companies * Offers proven pay-for-performance tools for addressing current and future pay issues * Uses case studies drawn from extensive Mercer Human Resource Consulting, Inc. research * Addresses the special issues affecting pay-for-performance in not-for-profits * Presents expert advice on managing talent and competencies to maximize performance * Addresses the regulatory issues that affect executive compensation * Covers everything from base pay to annual and long-term compensation

Compensation as a Strategic Asset

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Author :
Publisher : John Wiley & Sons
ISBN 13 : 0870516590
Total Pages : 224 pages
Book Rating : 4.8/5 (75 download)

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Book Synopsis Compensation as a Strategic Asset by : August J. Aquila

Download or read book Compensation as a Strategic Asset written by August J. Aquila and published by John Wiley & Sons. This book was released on 2017-05-15 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Everyone wants to work at a successful firm where the rewards are both financial and professional. What makes the top firms successful is not merely superior execution, though that's a good place to start, what makes them stand out is excellence at hiring and keeping the best, and having a smart succession plan in place. Partner compensation can be an effective tool in achieving these goals. Authors Aquila and Rice show how to use recruiting, retention, goal-setting, evaluation, and pay for performance practices recommended by the top CPA firm management consultants. This is the one guide you need, tailored specifically for professional practices, to implement the leading methods to align compensation with performance and strategic initiatives. You get: Analysis of leading views on performance management, hiring, and retention Specific, step-by-step guidance on how to implement compensation systems that align to goal-setting and performance measurement Methods for growing the compensation pie to pay for excellent results Compensation as a Strategic Asset shows how to align mission, vision, values, strategy, leadership, goal-setting, performance management and compensation to achieve long-term success at your firm.