Effective Executive Compensation: Creating a Total Rewards Strategy for Executives [Hardcover]

Michael Dennis Graham (Author), Thomas A. Roth (Author), Dawn Dugan (Author)

Editorial Reviews

Product Description

When it comes to creating an executive compensation program, it can feel like there's little gray area between giving top performers too shiny a gold­en parachute, with exorbitant perks, and providing the company's leaders with the incentive they need to continue doing their best. This book gives read­ers the techniques and understanding they need to design a rewards strategy that will motivate performers while benefiting the entire organization. Taking a careful look at the complicated state of executive rewards, this no-nonsense, practical guide provides readers with a complete methodology for motivating management to accomplish critical business goals. Eschewing a one-size-fits-all approach, the book uses case studies and examples to illustrate what factors should be considered--including environment, key stakeholders, people strategy, business strategy, and organizational capabilities--when designing a program that will benefit both their company and the people who fuel its success.

Book Description

When it comes to creating an executive compensation program, it can feel like there’s little gray area between giving top performers too shiny a golden parachute, with exorbitant perks, and providing the company’s leaders with the incentive they need to continue doing their best. This book gives readers the techniques and understanding they need to design a rewards strategy that will motivate performers while benefiting the entire organization.

Taking a careful look at the complicated state of executive rewards, this no-nonsense, practical guide provides readers with a complete methodology for motivating management to accomplish critical business goals. Eschewing a one-size-fits-all approach, the book uses case studies and examples to illustrate what factors should be considered—including environment, key stakeholders, people strategy, business strategy, and organizational capabilities—when designing a program that will benefit both their company and the people who fuel its success.

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Product Details

• Hardcover: 544 pages
• Publisher: AMACOM (April 23, 2008)
• Language: English
• ISBN-10: 081441012X
• ISBN-13: 978-0814410127
• Product Dimensions: 9.2 x 6.3 x 1.9 inches
• Shipping Weight: 1.9 pounds (View shipping rates and policies)
• Average Customer Review: 4.0 out of 5 stars  See all reviews (5 customer reviews)
• Amazon Bestsellers Rank: #1,133,193 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

2 of 2 people found the following review helpful:

5.0 out of 5 stars A Fascinating and Informative Read, January 13, 2010

By	ktwitz (New Jersey) - See all my reviews

This review is from: Effective Executive Compensation: Creating a Total Rewards Strategy for Executives (Hardcover)

The recent economic failures and issues were caused in part by poor economic decisions. More specifically, the poor management and lack of judgement concerning executive reward programs played a major role. The book "Effective Executive Compensation:Creating a Total Reward Strategy for Executives" gives an exciting and informative description about how businesses truly should be run. It allows the reader to understand and gain knowledge on the proper way to deal with executive performance and manage executive compensation rewards. I recommend this book to anyone who is interested in business aspects or the recent economy. More specifically those looking for success in business management and or those who enjoy a remarkable read about smart business policies, would absolutely love the insight that this book has to offer. A fantastic addition to any business lovers bookshelf!

1 of 1 people found the following review helpful:

5.0 out of 5 stars Predicted the last one and could predict the next one, December 28, 2009

By	JoeAminaPops (NJ) - See all my reviews

Amazon Verified Purchase

This review is from: Effective Executive Compensation: Creating a Total Rewards Strategy for Executives (Hardcover)

In September of 2008 our economic world was turned upside down and few deny that inappropriate executive reward programs were a significant reason. Reward programs incented behavior and decision making that was too short sighted, too excessive, and too disconnected from business sanity. "Effective Executive Compensation: Creating a Total Reward Strategy for Executives" would be a very good book if it were written AFTER the September, 2008 events as it clearly explains what happens when you do it wrong, but it was written BEFORE, which makes it an EXCELLENT book. Get it right and your program can drive business success and get it wrong and your organization can do no better than a boat riding the waves without a motor. To me the key messages from this book are that these programs are complex because no two organizations are the same and therefore each organization should design it's own unique program. Probably the worst mistake would be to follow everyone else. The authors clearly get this and know how to explain it.

I'd say that this book works on two levels, one as an interesting read and two as a reference guide. And while is it described as a guide for executive reward it really can be used for all reward programs for all employees. Be prepared to hear things you never heard before and ignore them at your own risk.

4.0 out of 5 stars Powerful, flexible tool kit for aligning executive pay, June 29, 2009

By	Rolf Dobelli "getAbstract.com" (Switzerland) - See all my reviews (TOP 50 REVIEWER)    (REAL NAME)

This review is from: Effective Executive Compensation: Creating a Total Rewards Strategy for Executives (Hardcover)

Compensation can align the interests of a company's CEO with those of its shareholders. Michael Dennis Graham, Thomas A. Roth and Dawn Dugan show you how in their insightful book on effective executive pay, a package they call the "Total Reward Strategy." They explain how to use compensation to get great executive performance, instead of just handing out hefty paychecks and hoping for the best. They demonstrate how each piece of a pay package can focus top executives on the tasks that matter most. Consultants Graham and Roth tapped their considerable experience and expertise to produce a book that is not just a marketing piece. Because it combines readable writing (given the contribution of freelancer Dawn Dugan) with rigorous analysis, getAbstract recommends their book to all interested business readers as well as CEOs, directors, consultants and other professionals directly involved in executive compensation issues.