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Strategic Pay: Aligning Organizational Strategies And Pay Systems

Strategic Pay: Aligning Organizational Strategies And Pay Systems

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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. --HR Magazine

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.

Details of Book

ISBN13: 9781555422622
ISBN10: 1555422624
Language: English
Publisher: Jossey-bass
Publication Year: 1991
Format: Hardcover

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A note on book covers: while we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.

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  • One Line Summary

    Strategic insights on aligning pay with organizational goals.

  • Who is this book for?

    If you're curious about how your company's pay structure can become a strategic advantage, this book offers a thorough analysis of various pay systems. It's especially helpful if you're interested in linking compensation directly to performance and organizational values, all while exploring innovative and participatory pay practices. Edward Lawler III's deep dive could really help you rethink compensation as a tool for business success.

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