Managers Guide to Rewards: What You Need to Know to Get the Best for - and From - Your Employees

Overview

"""While many organizations boast that their people are their most important assets, a good many fail to act as though they believed it.""

What about your organization? Does it ""walk the talk"" when it comes to proving to employees that they matter? Even the most well-intentioned companies fall short in their efforts to recognize and reward excellence. Sometimes the obstacle is a thicket of red tape or the burden of ""the way we’ve always done it."" And of course it’s often a ...

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Overview

"""While many organizations boast that their people are their most important assets, a good many fail to act as though they believed it.""

What about your organization? Does it ""walk the talk"" when it comes to proving to employees that they matter? Even the most well-intentioned companies fall short in their efforts to recognize and reward excellence. Sometimes the obstacle is a thicket of red tape or the burden of ""the way we’ve always done it."" And of course it’s often a financial matter.

Many managers believe that compensation decisions rest with the HR department. But contrary to what you might think, your hands are not tied.

The Manager’s Guide to Rewards is the first book to take a practical look at compensation issues from the manager’s perspective. It covers everything you and your company need to know to create a program that significantly and consistently rewards great employees -- without overly burdening the bottom line.

The book answers important questions that have long frustrated managers in all types of organizations:

How can I motivate my best people (and keep them) when company policy keeps salary increases so paltry?

How do I quantify performance and tie bonus levels to specific levels of achievement, especially where it’s difficult to assign precise dollar values to job responsibilities?

How do I make the business case for rewarding employees, and how do I make the process easier -- not just one time, but as a matter of course?

How can I most effectively deploy (separately and in combination) salary, short- and long-term incentives, benefits, perks, and nonmonetary rewards?

The Manager’s Guide to Rewards also shows how to make your recognition and rewards program a positive and proactive part of your overall performance management strategy, whether you’re a line manager or a human resources or compensation professional. You’ll learn how to state goals in ways that create employee focus and define clear performance measures that motivate every employee to go above and beyond -- every day.

The most forward-looking organizations realize that the key to attracting, developing, and retaining top performers is a comprehensive and progressive compensation program that reinforces the company’s stated outlook on the importance of its people. The Manager’s Guide to Rewards gives your company the power to compete with those organizations and achieve unprecedented and sustained growth."

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Editorial Reviews

From the Publisher

“…a practical look at compensation issues from the manager’s perspective.”

-- Consulting Magazine

“…a practical look at compensation issues from the manager’s perspective.”

-- Consulting Magazine

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Product Details

  • ISBN-13: 9780814408865
  • Publisher: AMACOM Books
  • Publication date: 7/1/2006
  • Edition number: 1
  • Pages: 256
  • Product dimensions: 6.00 (w) x 9.10 (h) x 1.00 (d)

Meet the Author

"The authors are senior executives with Hay Group, one of the most respected consulting groups in the world, with more than eighty offices in dozens of countries. Doug Jensen is a Vice President and U.S. Executive Compensation Practice Leader in Hay Group's Walnut Creek, California, office.

Tom McMullen is a Vice President and U.S. Reward Practice Leader based in Chicago. Mel Stark is a Vice President and Regional Reward Practice Leader in the New York office."

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Table of Contents

"Foreword by Lloyd Hill, Chairman and CEO of Applebee’s International

Preface by Murray Dalziel, Managing Director, Global Practices, Hay Group

Acknowledgments

1. Why This Book Is Important

2. Ensuring an ROI on Your Rewards Programs

3. The Link Between Rewards and the Business

4, Performance Measures That Motivate

5. Getting Employee Commitment with Total Rewards

6. Putting a Price Tag on Work

7. Base Salary Management: Building the Foundation

8. Reinforcing Results with Variable Pay

9. The Hidden Value of Benefits

10. Remembering the Management in Performance Management

11. A (Career) Path to Employee Satisfaction and Business Success

12. The Importance of Communications

13. Recognition: The Most Meaningful Reward?

Notes

Index

About the Authors

About Hay Group"

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