Rewarding for performance - any real progress?

Article Abstract:

Pay schemes based on performance have become the focus of salary management theories but their implementation has not been generally satisfactory. According to a survey of 1,150 employees, there is as yet no clear relationship between pay and performance. On the other hand, results of a management survey showed that executives believed otherwise. Among the more popular ways of implementing the concept are variable pay strategies and relating base pay to demonstrated competence.

Evaluation, Compensation and benefits, Wages, Wages and salaries, Workers, Merit pay

---

Linking reward to service - the Welch's case

Article Abstract:

Welch's Inc. was able to restructure its customer service operations by creating teams according to geographical distribution. Each team was made responsible for all operations involving the customer, including taking orders, processing orders, and coordinating delivery with the plant. The restructuring required each team member to acquire additional skills and to seek improvements as part of a functional unit. Members regularly undergo training to upgrade their skills.

Soft Drink Manufacturing, Bottled and canned soft drinks, Fruit Drinks (Noncarbonated), Customer service, Fruit drinks, Welch's Inc.

---

Compensation strategy in the new organization

Article Abstract:

Compensation managers used to develop compensation strategies out of tradition or formality. The compensation strategies resulting from such efforts were thus disconnected from the overall business plan. However, new business demands have resulted in the development of new compensation philosophies that aim at aligning compensation strategies and incentives with business goals. A method for developing a compensation strategy is presented.

Methods, Compensation management, Incentives (Business)

Similar abstracts:

• Abstracts: Selecting long-term care for your employees. Compensation Strategies to Use Amid Organizational Change
• Abstracts: Principles and best practices of executive compensation that stand the test of time. Variable pay across borders: the case of France
• Abstracts: Converting crises into opportunities: the world's insurance community is betting Hong Kong will remain the gateway to the Asian economy
• Abstracts: A system that works ... so far. Survey foresees increase in mergers, acquisitions. Pay and performance must go hand in hand; agencies that want to improve individual performances should implement compensation systems that motivate employees
• Abstracts: The states vs. Washington. Opportunities abound for insurers in tax-sheltered annuities market. Industry needs to view physicians as partners

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.