Make Your Pay System Pay Off
A comprehensive look at not only the choices surrounding the
development of a pay system but also the pros and cons associated
with each choice....Thorough.
In this seminal work, acclaimed compensation expert Edward Lawler
III shows companies that the way they pay can be an important
source of competitive advantage. He reveals how pay strategies that
draw a clear connection between pay and performance can support an
organization's strategic objectives by communicating unmistakably
what that organization values most. Moreover, he examines a wide
range of performance-based pay practices--from piecework incentive
systems to merit pay and skill-based pay--to demonstrate how
compensation systems can be tailored to fit a variety of business
strategies and management styles. Both traditional and
nontraditional pay strategies are examined, with special emphasis
given to designing pay systems that support participatory
management and other innovative practices.
EDWARD E. LAWLER is a leading scholar and author in the area of organization of effectiveness and design. He is founder and director of the Center for Effective Organizations at University of Southern California where he is also professor of management and organization in the Graduate School of Business Administration. Lawler is the author or coauthor of more than twenty books including Organizing for the Future (with J. Galbraith, 1993), The Ultimate Advantage (1992), and Employee Involvement and Total Quality Management (1992), all from Jossey-Bass.