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(Ebook) Innovative Reward Systems for the Changing Workplace 1st Edition by Thomas B Wilson ISBN 9780071402941 0071402942

  • SKU: EBN-1554236
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Authors:Wilson T.B.
Pages:379 pages.
Year:2003
Editon:Second Edition
Language:english
File Size:3.47 MB
Format:pdf
ISBNS:9780071402941, 9780071415934, 0071402942, 0071415939
Categories: Ebooks

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(Ebook) Innovative Reward Systems for the Changing Workplace 1st Edition by Thomas B Wilson ISBN 9780071402941 0071402942

(Ebook) Innovative Reward Systems for the Changing Workplace 1st Edition by Thomas B Wilson - Ebook PDF Instant Download/Delivery: 9780071402941 ,0071402942
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Product details:

ISBN 10: 0071402942
ISBN 13: 9780071402941
Author: Thomas B Wilson

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.
 

(Ebook) Innovative Reward Systems for the Changing Workplace 1st Edition Table of contents:

PART I The Fundamentals of Effective Reward Systems

CHAPTER 1 Why You Should Be Concerned about Reward Systems

Understanding the Problem

Searching for the Answer

Rewards Are More Than Just Pay

What Is the Organization to Do?

CHAPTER 2 How Rewards Work and Why They Sometimes Fail

The Importance of Understanding the Reasons Why

Business Success Depends on Systems That Influence Behavior

Using Sciences to Understand Behavior

A Model for Understanding the Factors That Influence Human Behavior

How Consequences Affect People

The Purpose of Reward Systems

Types of External Consequences

Making Rewards an Effective Positive Consequence

Putting Principles into Practice

CHAPTER 3 Align Rewards with the Organization ’s Strategy

The Emergence of Structured Compensation Systems

The Shift from Hierarchy to Team

The Shift in Compensation from Status to Results

The Transition from Teams to Networks

Compensation Shifts from Productivity to Creating Value

A Model for Understanding What Influences Organizational Performance

Transforming Rewards from Programs to Strategy

Setting the Strategy and Actions That Are Key to Success

People Implement Strategy

CHAPTER 4 Create Customized, Systematized, and Personalized Rewards

Steps to Developing the Reward Strategy

1. Determining Where to Focus the Reward Strategy

2. Defining What the Organization Needs to Succeed

3. Determining What People Want

4. Selecting the Programs That Fit Strategically

5. Developing the Strategic Plan for Total Rewards

Reward Strategy Case Studies

Summary

CHAPTER 5 Be Careful What You Measure and Reward

Traditional Approaches to Performance Measures

Developing a New Purpose for Performance Measures

Developing Performance Measures That Link with the Strategy

Developing Performance Measures That Focus on Customers

The Why and How of Performance Measures

When to Use Results and When to Use Process

What It Takes to Make a Performance Measure Meaningful

The Types of Performance Measures That Make a Difference

How to Make Performance Measures Meaningful

Summary

PART II Implementing Innovative Reward Strategies

CHAPTER 6 Make Salaries a Defining System of the Organization

Overview of Traditional Base Pay Systems

The Need for a Structured Pay System

How Salary Programs Usually Work

Design and Market Pricing Techniques

What Is Wrong with This Process?

Applying the Success Criteria: STRIPE

Redefining the Purpose of Base Salary Programs

CHAPTER 7 Designing Base Pay: Choose Your Approach Wisely

Market-Based Career Development Model

Use of Core Values to Determine Job Importance

Pay for Competencies Employed (PACE)

Team Performance–Based Salary Increases

Variable Merit Pool

Summary of Alternatives to Salary Programs

CHAPTER 8 Manage Performance Instead of Appraising It

Background of Performance Management

What Goes Wrong and Why

The Purpose and Objectives of Performance Management

Best Practices in Performance Management

A Process for Developing a New Approach

Summary

CHAPTER 9 How Variable Pay Connects the People and the Strategy

Types of Variable Pay Plans

Primary Advantages and Issues

What Is Wrong with This Process?

Understanding the Value and Impact of Variable Pay Plans

Assessing the Readiness or Effectiveness of Variable Pay

Seven Key Factors for Assessment

CHAPTER 10 Design Variable Pay Plans with a Difference

Step 1: The Purpose of the Program

Step 2: Performance Measures

Step 3: Payout Mechanisms

Step 4: Payout Opportunity

Step 5: Eligibility

Step 6: Funding Sources and Return on Investment

Step 7: Special Issues

Step 8: Program Implementation and Management

Assess the Risks versus Rewards

Summary

CHAPTER 11 Make Recognition Strategic and Special

What Can Be Learned from This Story?

Review of the Principles of Reinforcement

Success Criteria for Recognition Management

Types of Special Recognition

Employee Recognition

What’s Wrong with This Process?

Spot Bonuses

Team Celebrations

Suggestion Systems

What’s Right with This Picture?

The Guiding Principles for Making Recognition Special

Summary

CHAPTER 12 Take Stock of Your Options with Equity

Assess the Alignment of Equity-Participation Plans

Background on Equity Compensation

Overview of the Key Terms and Basic Types of Equity Programs

What’s Wrong with This Process?

The Lessons to Be Learned from Using Equity

Summary

PART III Putting Rewards into Practice

CHAPTER 13 How to Use the Right Rewards for the Firm’s Stage of Development

“Let’s Make a Deal” for Rewards in a Startup Company

Rewards That Accelerate the Growth of Emerging Companies

Rewards That Sustain Market Leadership

Renewing and Transforming the Organization in Crisis

Rewards for Organizations Seeking Continual Change

Building a Culture That Thrives on Change

CHAPTER 14 Transform Rewards from Entitlement to Achievement

Implementing a New Reward Strategy—How to Make It Work

Implementing Change So That Results Are Achieved

Illustrations of Changing Reward Systems

Lessons to Be Learned from Successful Change Efforts

CHAPTER 15 Ideas You Can Use and Those You Should Avoid

Base Salary: Try These Ideas

Base Salary: Avoid These Pitfalls

Performance Management: Try These Ideas

Performance Management: Avoid These Pitfalls

Variable Compensation: Try These Ideas

Variable Pay: Avoid These Pitfalls

Performance Recognition: Try These Ideas

Performance Recognition: Avoid These Situations

Equity-Based Programs: Try These Ideas

Equity-Based Programs: Avoid These Issues

Building a Bridge from Here to There

CHAPTER 16 Take Your Workplace to the Next Level

The Pressures for Change

Creating the Achievement Workplace

The Primary Purpose of Reward Systems

What Makes Rewards Work

Integrating Reward Systems into the Organization

Summary: Guiding Principles

Thoughts about the Winds of Change

Notes

Bibliography

Index

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Tags: Thomas B Wilson, Innovative Reward Systems, Changing Workplace

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