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5.0 out of 5 stars
A textbook on employee rewards, November 3, 2003
This review is from: Creating a Total Rewards Strategy: A Toolkit for Designing Business-Based Plans (Hardcover)
If you enjoy working with university textbooks, you'll appreciate this book. It feels like a college text. It looks like a college text. It's filled with graphs and charts like a college text. It's seasoned with case studies in call out boxes. There are endnotes, as well as a bibliography. The index is so full of references, a smaller type was used-perhaps to save space.
The authors' message is that the secret to developing a creative and effective rewards strategy is based on a combination of Money, Mix, and Message. The Money aspect addresses the value of the reward(s) to the employee. The design of the plan, constructed to meet employer and employee needs, is the Mix. The Message deals with what the employer wants to communicate to its employees about appropriate values and the company's expectations. The authors describe their approach as "M3," emphasizing the need for a good balance between the three factors.
Readers will explore more than a hundred practical tools for building what they call the M3 Reward System. Financial rewards are integrated with non-financial rewards. Application of the step-by-step strategy promoted by the authors is a CD-ROM that is loaded with tools, exercises, and techniques to equip readers to tailor their own strategies to be consistent with company needs.
The authors are consultants with considerable experience in serving dozens of Fortune 500 companies. The orientation of the book, understandably, is toward larger companies. Smaller firms will still get a lot out of this text, but may have to invest some serious study time to get the full benefit of the package. The stories relating the authors' experiences are illuminating and add value for the reader who wants to gain the deeper understanding of how customized corporate reward programs are put together and managed.
Hefty price, but fully loaded.
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4.0 out of 5 stars
Rewarding Read, December 9, 2006
This review is from: Creating a Total Rewards Strategy: A Toolkit for Designing Business-Based Plans (Hardcover)
This is an excellent book, especially for HR/C&B practitioners. Like most HR topics, reward strategy is common sense and this book structures it neatly. A fantastic reward strategy framework - shows the inter-related nature of all stratgies and the operationalised details of a compensation strategy.
The book is comprehensive, yet accessible.
Nice to have all the PowerPooint slides on CD in the back cover, too.
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5.0 out of 5 stars
Great Resource!, December 16, 2002
This review is from: Creating a Total Rewards Strategy: A Toolkit for Designing Business-Based Plans (Hardcover)
This book is an excellent resource for HR professionals, compensation specialists, and line managers alike.
Well written, with great models and thought processes, yet pragmatic in its approach, this book provides a great fresh look at how to motivate employees to achieve business results.
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