In
the new economy, human capital, perhaps more than any other asset,
is an organization's chief source of competitive advantage. And
if your company wants to attract, retain, and motivate the kind
of people it needs to hold that advantage, it needs to develop
a reward system that recognizes their market value and rewards
them for developing their knowledge and skills. It needs a system
that encourages high performance as it rewards excellence.
In
this book, acclaimed management expert Edward E. Lawler III identifies
a variety of reward system practices that support the high-performance
organization model. He shows how the development of core competencies
and organizational capabilities is enhanced once a company learns
how to pay people instead of jobs. He also details new methods
for measuring and rewarding performance and for determining how
much of an individual's pay should be based on performance.
You'll
get useful advice on how you should conduct performance appraisals
and how you can structure a pay system that suits your organization
and serves its strategic goals. You'll benefit from Lawler's practical
discussions and guidelines regarding the appropriateness of such
practices as team-based pay, 360-degree performance appraisals,
stock options, incentive pay, and skill-based pay. Moreover, you'll
learn how to design a reward system that attracts excellent employees,
inspires excellent performance, and makes for a stronger, more
profitable enterprise.
More
than just a book about paying individuals, Rewarding Excellence
is a blueprint for designing and managing pay systems that create
excellent organizations. It's about gaining a competitive advantage
by maximizing the potential of human capital. And so, ultimately,
it's about the future effectiveness of your enterprise.
Buy
this book at
amazon.com
