After the merger: paying for keeps

Article Abstract:

Aquatec Chemical International Inc (Pontiac, MI) founder, Chmn, and CEO E.A. Savinelli understood that the perception and reality of internal equity was important when he contracted with business consultant WMS and Company Inc to design a job evaluation, incentive, and compensation plan for Aquatec. As a result, Savinelli retained his key employees following the merger of two smaller companies to form Aquatec. The most important steps in the project were that workers helped in the job description stage, and Aquatec's compensation committee employed an easily understood, relevant job evaluation approach.

CHEMICALS AND ALLIED PRODUCTS, Management, Acquisitions and mergers, Savinelli, E.A., Aquatech Chemical International Inc., WMS and Company Inc.

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Support objectives using base compensation

Article Abstract:

Personnel managers recognize that base compensation, while typically being a significant organizational expense, can be used as a way to help firms to meet business goals. Personnel managers designing compensation programs need to carefully analyze certain issues, such as industry niche, corporate expansion goals, projected growth of the organization's divisions, and the effects of failure to meet organizational goals. Compensation programs designed for businesses undergoing change need to be flexible and can include pay incentives, employee stock ownership plans, or lump sum employee awards.

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