Citation
(2001), "Rewards that drive high performance: success stories from leading organizations", Measuring Business Excellence, Vol. 5 No. 3. https://doi.org/10.1108/mbe.2001.26705cae.004
Publisher
:Emerald Group Publishing Limited
Copyright © 2001, MCB UP Limited
Rewards that drive high performance: success stories from leading organizations
Rewards that drive high performance: success stories from leading organizations
T.B. WilsonAmacom2000ISBN: 0814404286$29.95
Presents alternative approaches to designing and changing an organization's compensation and reward system in a manner that supports the organization's strategic needs and priorities. Examines the strategic objectives a compensation and reward system might have: building an entrepreneurial spirit, providing employees with a stake in the enterprise, keeping everybody focused on the customer, promoting teamwork, supporting a business turnaround, retaining critical talent, reinforcing the quality process, and aligning employee rewards with a changing strategy. Describes the cases in clear, straightforward English with minimal use of technical lingo. Uses information from a range of small and large organizations covering both manufacturing and a diversity of service industries. Provides information on a mosaic of compensation system components and features ranging from long-term stock-based incentives to short-term cash-based group incentives to competency-based salary systems. Does not, however, appear cohesive in terms of conceptual structure and organization. Proves, nevertheless, a useful resource for those interested in advancing their own thinking about, and understanding of, the way in which compensation and reward systems may support their organization's performance and reinforce its business strategy.