Strategic Reward Systems
نویسندگان
چکیده
This chapter presents theory and research on the role of pay systems in complex organizations. It first looks at the relationship between pay systems and business strategy and organization structure. It then focuses on the impact of pay systems on six important determinants of organizational effectiveness: performance motivation, skill development motivation, attraction and retention, organization structure, culture, and costs. Different approaches to pay are reviewed with a focus on their impact on these six determinants of organizational effectiveness. The specific pay system practices reviewed include job-based pay, personbased pay, individual pay for performance systems, organizational pay for performance systems, and executive compensation pay practices. Overall the evidence indicates that pay systems have a strong impact on organizational effectiveness and there is a link between strategy, structure, and pay systems.
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