Strategic Pay: Aligning Organizational Strategies and Pay Systems
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Book Overview
Make Your Pay System Pay Off A comprehensive look at not only the choices surrounding the development of a pay system but also the pros and cons associated with each choice....Thorough. --HR Magazine In this seminal work, acclaimed compensation expert Edward Lawler III shows companies that the way they pay can be an important source of competitive advantage. He reveals how pay strategies that draw a clear connection between pay and performance can support an organization's strategic objectives by communicating unmistakably what that organization values most. Moreover, he examines a wide range of performance-based pay practices--from piecework incentive systems to merit pay and skill-based pay--to demonstrate how compensation systems can be tailored to fit a variety of business strategies and management styles. Both traditional and nontraditional pay strategies are examined, with special emphasis given to designing pay systems that support participatory management and other innovative practices.
Format:Hardcover
Language:English
ISBN:1555422624
ISBN13:9781555422622
Release Date:January 1991
Publisher:Jossey-Bass
Length:332 Pages
Weight:1.30 lbs.
Dimensions:0.9" x 6.3" x 9.6"
Customer Reviews
1 rating
A pioneering study on the new pay.
Published by Thriftbooks.com User , 25 years ago
"Why this book is written? ...Because during this decade organizations became more willing to try new pay practices. This willingness to deviate from traditional pay practices undoubtedly stemmed from the fact that, because the old ways were often inadequate, organizations sought new approaches to management. In the search for new ways to manage, pay was one of a number of practices that underwent scrunity and, in some cases, important chance... I wrote it because I wanted to demonstrate how important pay system design choices are to the ultimate effectiveness of an organization. I hope that it will put to rest the idea that pay is simply a cost for an organization, make it clear that making the right choices with respect to pay practices and processes is vital to an organization's effectiveness, and establish that pay practices can provide a definite competitive advantage (from the preface)." I highly recommend this pioneering study to all HR professionals and executives.
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