Title: People, performance, and pay : dynamic compensation for changing organizations /
Authors: Flannery, Thomas P. 1949-; Hofrichter, David A.; Platten, David.; Platten, Paul E. 1953-; Hay Group.
Publisher: Free Press,
Year: 1996
Subjects: Compensation management.
Abstract: 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.
Contents: Foreword / Robert D. Krebs -- 1. The Compensation Lag -- 2. Work Cultures -- 3. The Role of Pay in Organizational Change -- 4. Dynamic Compensation Strategies and Tactics -- 5. Aligning Cultures and Compensation -- 6. Benefits in the Changing Organization -- 7. Rewarding Leadership in the Changing Organization -- 8. Reconsidering Executive Pay -- 9. Pay and the Changing Role of Human Resources -- 10. Communicating Pay -- 11. Nine Principles of Dynamic Pay -- Epilogue: Paying for People.