This book examines and provides solutions to some of the perennial problems of performance-related pay. Brown and Armstrong review the evidence for the spread, relevance and effectiveness of PeRP on both sides of the Atlantic. They demonstrate conclusively that, while performance pay is not in retreat and is, indeed, continuing to expand, difficulties have resulted in the past from the rigid uniform, top-down approach often adopted in its implementation. The authors demonstrate that organizations today are taking a much more strategic and holistic approach to the issue, an approach which the authors term paying for contribution.
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"Here is the sequel to Ed Lawler's 'Strategic Pay' to get us through the next decade. This book covers the familiar battleground of performance pay, with a nice summary of the latest research and thinking on the topic, and an integrated approach to rewards that will drive performance. It will serve as the textbook for compensation practitioners worldwide, because it sets the latest thinking about pay in the broader context of reshaping business, led by leaders such as Jack Welch at GE." -- Diane Gherson, Worldwide Practice Leader, Reward Management, Towers Perrin
About the Author
Michael Armstrong is an internationally respected writer on management topics. His Kogan Page titles include: Performance Management, Reward Management, Strategic Human Resource Management, Handbook of Management and Leadership, Handbook of Employee Reward Management and Practice, Job Evaluation and How to be an Even Better Manager.
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5.0 out of 5 stars
a latest evolution,
By ellen (United Kingdom) - See all my reviews
This review is from: Paying for Contribution: Real Performance-Related Pay Strategies (Paperback)
this book could be theoritically regarded as an evolution of reward system in HRM to develop the conception of Performance related pay to Pay for Contribution. It could make the reward system more fair,equitable, and legitimate. This is contemporary approach to appraise and rewward work labour in terms of its feasibility and acceptability.
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