Innovative Reward Systems for the Changing

Innovative Reward Systems for the Changing Workplace explains the compensation and reward strategies successful companies use to focus, encourage, and achieve high performance. Reward systems authority Thomas Wilson has made this updated edition much more "how-to" and covers important new pay strategies such as "flex compensation," stock options, 360 feedback, and employee ranking. The book includes dozens of creative suggestions and ideas for compensation strategies in any organization.

Thomas B. Wilson is an international authority in the field of reward systems and high-performance organizations and frequently presents at major national and regional conferences.

List of Figures

vii

Foreword

ix

Introduction

xiii

PART I The Fundamentals of Effective Reward Systems

1

(98)

Why You Should Be Concerned about Reward Systems

3

(16)

How Rewards Work and Why They Sometimes Fail

19

(18)

Align Rewards with the Organization's Strategy

37

(18)

Create Customized, Systematized, and Personalized Rewards

55

(20)

Be Careful What You Measure and Reward

75

(24)

PART II Implementing Innovative Reward Strategies

99

(174)

Make Salaries a Defining System of the Organization

103

(18)

Designing Base Pay: Choose Your Approach Wisely

121

(16)

Manage Performance Instead of Appraising It

137

(34)

How Variable Pay Connects the People and the Strategy

171

(18)

Design Variable Pay Plans with a Difference

189

(32)

Make Recognition Strategic and Special

221

(32)

Take Stock of Your Options with Equity

253

(20)

PART III Putting Rewards into Practice

273

(82)

How to Use the Right Rewards for the Firm's Stage of Development

275

(24)

Transform Rewards from Entitlement to Achievement

299

(22)

Ideas You Can Use and Those You Should Avoid

321

(16)

Take Your Workplace to the Next Level

337

(18)

Notes

355

(6)

Bibliography

361

(8)

Index

369

What is included with this book?

The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.

The Used, Rental and eBook copies of this book are not guaranteed to include any supplemental materials. Typically, only the book itself is included. This is true even if the title states it includes any access cards, study guides, lab manuals, CDs, etc.

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Innovative Reward Systems for the Changing Workplace 2/e

Summary

Author Biography

Table of Contents

Supplemental Materials

FREE SHIPPING

Rent More, Save More! Use code: BBRENTAL

5% off 1 book, 7% off 2 books, 10% off 3+ books

Innovative Reward Systems for the Changing Workplace 2/e

Summary

Author Biography

Table of Contents

Supplemental Materials

Digital License