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Pay People Right!: Breakthrough Reward Strategies to Create Great Companies » (1st Edition)

Book cover image of Pay People Right!: Breakthrough Reward Strategies to Create Great Companies by Jay R. Schuster

Authors: Jay R. Schuster, Patricia K. Zingheim
ISBN-13: 9780787940164, ISBN-10: 078794016X
Format: Hardcover
Publisher: Wiley, John & Sons, Incorporated
Date Published: January 2000
Edition: 1st Edition

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Author Biography: Jay R. Schuster

JAY R. SCHUSTER are partners in Schuster-Zingheim and Associates, Inc., a pay consulting firm founded in 1985 and located in Los Angeles. They consult extensively on total rewards with companies in the U.S. and throughout the world, and are frequent speakers to business and professional groups. Their web site is paypeopleright.com.

Book Synopsis

From the authors of "New Pay" comes this "how-to" for designing innovative pay strategies that both stimulate and communicate company excellence to the workforce and to customers. Based on their own consulting work with Fortune 500 companies, the authors describe pay systems designed around competencies, performance outcomes, team pay, broadbanding, and multi-source feedback. Readers learn to align their pay systems with their company's timetable and goals, while communicating to employees not just what is expected, but how changes benefit them as partners of the company.

Table of Contents

Prefacexv
The Authorsxxvii
Part IIntegrating Rewards1
1Total Rewards and the Six Reward Principles3
2The Business Case for Changing Rewards21
3Integrating Total Pay42
4Measuring and Managing Performance66
Part IIPay Tools: Accelerating Achievement of Business Goals93
5Rewarding Individual Ongoing Value: Base Pay95
6Building Infrastructure for Base Pay119
7Rewarding Performance: Short-Term Variable Pay138
8Rewarding Performance: Long-Term Variable Pay165
9Recognition and Celebration188
Part IIIAddressing Critical Business Opportunities with Rewards201
10Rewarding Teams203
11Rewarding Scarce Talent226
12Rewarding the Salesforce247
13Rewarding Executives270
14Merger-and-Acquisition Rewards293
15Global Rewards317
Part IVMoving Forward339
16Making Rewards Work341
Epilogue: 21st-Century Rewards365
Notes369
Index377

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