How to Design & Implement a Results-Oriented Variable Pay System - Hardcover

Belcher, John G., Jr.

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9780814402962: How to Design & Implement a Results-Oriented Variable Pay System

Hardcover

ISBN 10: 0814402968 ISBN 13: 9780814402962

Publisher: Amacom Books, 1996

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Variable pay plans such as profit sharing, gain sharing, and goal sharing are on the rise. Such approaches make eminent sense in today's competitive environment for two compelling reasons: They link pay to organizational performance, and they support management efforts to create a high-involvement, team-oriented workplace.
But yesterday's standardized approaches, such as the Scanlon Plan, do not always meet today's needs. Reflecting changes in overall business structure, variable pay design has evolved rapidly over the past few years - almost too rapidly for many human resources and compensation professionals to appreciate. In this state-of-the-art guide, compensation expert John G. Belcher, Jr., provides a 19-step process to assist any organization in the design of a contemporary, customized variable pay system.

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Book Description:

"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."

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.

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