Rewards and Renewal: America's Search for Competitive Advantage Through Alternative Pay Strategies : the American Compensation Association-sponsored Study of Innovative Pay |
Common terms and phrases
46 organizations achieve alternative pay program alternative reward programs alternative reward systems American Compensation Association bonuses bottlenecks business environment business incentive plans business plan business strategy business units compensation practice customer responsiveness decentralization definite terms develop downside employee involvement factors field service employees financial services institutions firms reported First-generation plans focused gain-sharing plans group incentives Honeywell illustrated in Exhibit indirect financial costs knee jerks Lump-sum incentives major operations Organizational Design Changes organizations studied pay at risk pay for knowledge Percent Making Change Performance and Pay Profit sharing psychic costs Quartile Reason For Change reward strategies Rewards and Renewal salary second-generation models self-managed teams separate successful simpler skill blocks skill-based pay system skill-based systems specific reward design stable start-up strategy and culture study reported time-based pay tions traditional gain sharing transition to alternative trying skill-based pay U.S. Chamber UNIVERSITY OF MICHIGAN variable pay Wallace