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"Variable pay systems are widely used as alternatives to traditional compensation programs. Now a recognized expert offers a timely examination of variable pay basics, the latest trends, and creative options. Readers will discover how to: * gain a competitive advantage through variable pay plans * create or redesign a system to meet an organization's particular needs * evaluate traditional plans versus the three types of variable pay plans * organize and prepare a launch team * implement a complete 19-step process The guide's practical slant is enhanced by numerous formulas, examples, and graphs that demonstrate how variable pay can yield impressive gains in productivity."
- Sales Rank: #593469 in Books
- Published on: 1996-06-27
- Original language: English
- Number of items: 1
- Dimensions: .95" h x 7.24" w x 10.24" l, 1.44 pounds
- Binding: Hardcover
- 256 pages
About the Author
JOHN G. BELCHER, JR. (Houston, TX) is founder of J. G. Belcher Associates, a compensation consulting firm. He is a past vice president of the American Productivity and Quality Center and the author of Gain Sharing and Productivity Plus.
Most helpful customer reviews
44 of 48 people found the following review helpful.
" What's Wrong With Traditional Reward System ? "
By Turgay BUGDACIGIL
As asserted by Belcher "traditional approaches to compensation do not meet today's business needs and are failing American industry. As the recognition of failure grows, U.S. companies are rapidly adopting alternative reward systems in an attempt to deal with the challenges of an increasingly competitive marketplace."
What's wrong with this traditional reward system?
According to Belcher :
* tradional reward systems compensate, but do not reward.
* traditional reward systems do not reinforce teamwork.
* traditional reward systems do not support strategic business priorities.
* traditional reward systems are inflexible and are not reflective of business results.
Then, variable/alternative pay system vs. traditional pay/reward system.
Variable pay system is defined by Belcher as an alternative compensation system that ties pay to business outcomes and supports a participative management process. Cash payouts are based on a predetermined measure or measures of group or organizational performance.
This study is highly recommended for HR professionals and line managers.
See also :
* The New Pay-J. Schuster, P. Zingheim
* Strategic Pay-E. Lawler
* Aligning Pay and Results-H. Risher
* Rewards That Drive High Performance-T. Wilson
1 of 1 people found the following review helpful.
Pay System
By j. scott
It was good information that helped us understand the advantages and disadvantages of different pay systems. I would recommend it.
1 of 3 people found the following review helpful.
Good For Design
By Carlos A. Loewenstein
Its a book that really guides you trough the steps of the design process.
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