Every adviser to this report stresses that rethinking performance management must go hand in hand with rethinking pay and incentives. Strategic Compensation leads you through the ten critical performance pay questions you must address. Case reports reveal the pros and cons of performance pay applications, including non-risk variable approaches, pay at risk, and performance bonuses. New and emerging trends in rewarding strategic capability Latest research shows a definite trend toward competency-related approaches to pay and rewards. This report assesses the strengths and weaknesses of a number of approaches, including competency-based pay, pay for skills, and knowledge, goalsharing and capability development.
Employees now take on new responsibilities.
Key lessons in employee share ownership Leading organizations are discovering that employee share ownership can be a powerful force for cultural change and act as a long-term incentive for retaining talented people. Strategic Compensation reveals the inside stories of schemes at Tullis Russell Group and NCR Corporation and provides a decision-making framework to help you assess the viability of employee share ownership in your own organization. Strategic Compensation includes case reports of organizations getting the balance right. It also explains why Midland Bank decided its employees should become some of the first in the UK to use LifeWorks advice, research, and referral telephone helpline. Why effective communication is crucial for success Don't underestimate the power of resistance to change.