Seven Dimensions of Success Reward Plans

Autor:	Jamie Hale, George Bailey
Rok vydání:	1998
Předmět:	Finance business.industry media_common.quotation_subject Organizational culture General Medicine Pay for performance Competitive advantage Human capital Incentive Shareholder Loyalty Strategic management Business Marketing media_common
Zdroj:	Compensation & Benefits Review. 30:71-77
ISSN:	1552-3837 0886-3687
DOI:	10.1177/088636879803000409
Popis:	Companies that achieve lasting competitive advantage will be those that succeed in aligning the goals, behaviors, and skills of their employees with their business strategy. The strategic use of pay and incentives accomplishes this goal by reinforcing corporate culture, setting the tone and focus of a change process, and supporting and improving upon company objectives. Seven methods in particular help facilitate the alignment of people and strategy: pay for performance, linkage to other organizational change levers, measurable competencies, incentives matched to corporate culture, clear and simple group incentives, widespread communication, and recognition for the work itself. Using these methods, companies can increase the return on their investment in human capital, foster employee loyalty, and reap substantial benefits for shareholders.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::017b6984fdbee6783870c5a773d0867b https://doi.org/10.1177/088636879803000409 Zobrazit plný text záznamu