Innovative Reward Systems for the Changing Workplace [Hardcover]

Thomas B. Wilson (Author), Rosabeth Moss Kanter (Foreword)

Book Description

Publication Date: October 1, 1994

This text offers an alternative to reward systems of the hierarchical command-and-control organization. Its "Reward Right Model" should help organizations to develop a reward system grounded in collaboration, not combat. Featuring four case studies from different areas of business, this guide shows human resources managers how to achieve greater employee productivity by restructuring such reward system components as base pay, variable pay, performance management and recognition.

Editorial Reviews

From the Back Cover

Why should you be concerned about your organization's reward system? You can't expect to , stimulate greater productivity or motivate today's employees with yesterday's reward systems--and the unfortunate truth is, most organizations continue to use systems and practices that are based on outdated models of control and entitlement. They simply don't work anymore.

With the first edition of the groundbreaking Innovative Reward Systems for the Changing Workplace, Thomas Wilson--a pioneer of the "Reward Smart" model of restructuring reward systems--explained how to reward collaboration and teamwork. In this timely update, he gives you the tools you need to create reward strategies that reinforce the values and culture your organization needs to prosper for the long term.

In this new edition, you'll find in-depth coverage of the major new trends, including:

• Flexing compensation in a "down" market
• Stock options and other new types of pay
• Integrating 360 feedback into reward systems
• New technology for employee compensation
• Forced employee ranking

This is the only book that fully integrates all programs involved in rewards--formal and informal, short-term and long-term, cash and symbolic, performance and culture driven.. You'll learn how to develop a portfolio of high-impact reward programs that are based on well-researched, established principles--and implement a plan of action that will enable you to more quickly and effectively create an organization that has enduring competitive advantage.

Wilson provides a thorough examination of the basic types of reward systems and provides guidelines for designing or redesigning programs in your workplace. You'll discover how to enhance the spirit of collaboration, find a wide range of alternatives to cash rewards, create team incentives, and attract the most talented people to your organization. Innovative Reward Systems for the Changing Workplace will enable you to create psychologically valid, state-of-the-art reward and recognition systems that really work!

Praise for the First Edition of Innovative Reward Systems for the Changing Workplace

"Content rich and yet very easy to read. " --Lou Richman, Fortune Magazine

". . . (This) book is timely, insightful, comprehensive, informed by firsthand experience, and above all, useful." --Rosabeth Moss Kanter, Harvard Business School

Take your workplace to the next level! In this timely update of his breakthrough book, rewards systems authority Thomas Wilson explains the strategies today's successful companies use to focus, encourage, and reward employees and managers--from spot bonuses to team celebrations, from base pay to stock options, from forced ranking to innovative employee benefits. He guides you through the maze of compensation decisions and shows you how to use traditional approaches in new ways for spectacular outcomes in any organization. You'll discover how rewards work and why they sometimes fail; how to make recognition strategic and special in your company; and how to develop a long-term reward strategy that will make your organization more effective, more productive--and more competitive.

--This text refers to an out of print or unavailable edition of this title.

About the Author

Thomas B. Wilson is an international authority in the field of reward systems and high-performance organizations and frequently presents at major national and regional conferences.

--This text refers to an out of print or unavailable edition of this title.

Product Details

• Hardcover: 378 pages
• Publisher: McGraw-Hill Companies; First Edition edition (October 1, 1994)
• Language: English
• ISBN-10: 0070709602
• ISBN-13: 978-0070709607
• Product Dimensions: 8.9 x 5.9 x 1.5 inches
• Shipping Weight: 1.8 pounds
• Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
• Amazon Best Sellers Rank: #1,239,550 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

2 of 2 people found the following review helpful:

5.0 out of 5 stars Incredible book for organizations facing change, March 4, 2006

By 

Executive and Strategic Marketing Advisor - See all my reviews

This review is from: Innovative Reward Systems for the Changing Workplace 2/e (Hardcover)

I have read and used the material of this book with a wide variety of organizations. I have found the information clear, very helpful, and most importantly, insightful. It provides both the basic concepts for what makes all forms of reward systems work, as well as how to link them to the strategic direction of a company. There are descriptions of all forms of compensation, recognition and management practices. If you are global company or just competing in local markets, you will find something useful in this book. Its the most complete resource book that we have found available in the market. Buy it, use it, and re-read it because there are more things than one can absorb in a single sitting.