The purpose of this book is to help compensation and human resource professionals and managers contribute to company competitiveness by:
Determining under what conditions incentive pay programs (IPP) can contribute value to their organization and to the employees who will participate in those programs
Identifying IPPs that are most likely to support their business strategy and achieve desired performance goals
Developing effective IPPs that meet the specific needs of the organization
Implementing IPPs successfully.
This book clarifies under what conditions incentive programs will have positive consequences and how to articulate the design of these programs to achieve the desired result.
This book includes 16 chapters written by compensation experts—including executive editor and author Dow Scott, Ph.D, Jerome A. Colletti, Robert Heneman, Ph.D., Corey Rosen and others—representing the "best practices" of the full spectrum of incentive pay programs in use today. Eight chapters have appeared as articles in recent issues of WorldatWork Journal and workspan, and the remaining eight chapters were written specifically for this book.
"This book is a must read for the compensation professional who has responsibility for incentive plans within their organization. I also suggest it for HR professionals who increasingly are involved with incentive plans. The authors of the various chapters are a good mix of academics, consultants and practitioners who provide valuable insight into the theory and the practicalities of incentive plans."
- Dennis J. Nirtaut, CCP, CBP
Vice President, Compensation and Benefits
Aon Corporation
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