Special Report: Compensation - Compensation & Salary Forecast—Where's the Merit-Pay Payoff?

By Fay Hansen - Compensation & Salary Forecast—Where's the Merit-Pay Payoff? It doesn’t exist, several recognized experts say. The issue for companies is not whether they should be paying more for performance compensation programs, but whether they should be paying less. ^{Newest Additions} (Added: 30-Dec-2008 Hits: 0 )

.The Wisdom of Merit Pay

By Gene Levine - Progressive management is going beyond the straight incentives paradigm and no longer accepts as gospel the idea that just individual incentives always provides the best motivation and improved attitudes %u2013 in relation to the dollars spent. As empowerment suggests, production is not the only thing needed from workers and workers have wants and needs far beyond money. Straight incentive systems appear to be failing at an alarming rate causing increased willingness to seek out viable alternatives, among them merit pay plans. Straight incentives are rigid, merit pay is not. Merit pay plans can be designed to stress quality, attendance or any other measurable factor you wish to improve. Merit-factor incentive pay plans use merit elements selected independently of a worker's output (Added: 13-Aug-2005 Hits: 807 )

AN INTRODUCTION TO PERFORMANCE AND SKILL-BASED PAY SYSTEMS

By Bureau for Employers' Activities - Performance and skill-based pay systems need to be negotiated and introduced at the enterprise leve. Other than for very broad policy issues (e.g. whether such systems should be introduced), performance and skill-based pay cannot be negotiated or designed at the macro, or even at the industry, level. It follows therefore that it is not possible to recommend a particular system which could be introduced across several enterprises or even across an industry. This is evident from the following steps that need to be taken before introducing such a scheme (Added: 20-Jan-2006 Hits: 1222 )

Bang For Your Buck

By na - People management obviously is a complex area, and one where most advisors are looking for guidance and development. But don't shy away from defining performance expectations for the individuals in your firm and paying them based on their performance. (Added: 19-Dec-2005 Hits: 408 )

Bonuses Aren't Just for the Bosses

By Tim Bower - Brad Hill is teaching rank-and-file workers in tough jobs how to devise incentive plans. In the process, they're being rewarded with things that money can't buy -- more dignity and a greater sense of purpose. (Added: 19-Dec-2005 Hits: 405 )

CEO Pay: The New Rules

By John S. McClenahen - For CEOs and other senior executives in manufacturing, performance-related bonuses are up, stock options are less popular and per-formance-tied long-term incentives are more common. But will they make for better management decisions? That's not yet clear. (Added: 19-Dec-2005 Hits: 374 )

Executive Comp: Pay Without Performance : HBS Working Knowledge

By Mallory Stark - Out-of-control executive compensation schemes are widespread, persistent, and systemic,and new reforms won't clean up the mess, argue law professors Lucian Bebchuk and Jesse Fried. Q&A and book excerpt. (Added: 19-Dec-2005 Hits: 323 )

Rewards and Compensation

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