Strategic Pay: Aligning Organizational Strategies and Pay Systems by Edward E. E. Lawler, Lawler, E. Lawler

Synopsis

Make Your Pay System Pay Off

A comprehensive look at not only the choices surrounding the development of a pay system but also the pros and cons associated with each choice....Thorough.
--HR Magazine

In this seminal work, acclaimed compensation expert Edward Lawler III shows companies that the way they pay can be an important source of competitive advantage. He reveals how pay strategies that draw a clear connection between pay and performance can support an organization's strategic objectives by communicating unmistakably what that organization values most. Moreover, he examines a wide range of performance-based pay practices--from piecework incentive systems to merit pay and skill-based pay--to demonstrate how compensation systems can be tailored to fit a variety of business strategies and management styles. Both traditional and nontraditional pay strategies are examined, with special emphasis given to designing pay systems that support participatory management and other innovative practices.

Booknews

Addressing the critical role that compensation systems play in enhancing or undermining organizational effectiveness, offers practical guidance in selecting and administering pay policies that will best support an organization's particular goals and management style, and explores the pros and cons of such strategies as merit pay, incentive pay, and gainsharing. Annotation c. Book News, Inc., Portland, OR (booknews.com)

Biography

EDWARD E. LAWLER is a leading scholar and author in the area of organization of effectiveness and design. He is founder and director of the Center for Effective Organizations at University of Southern California where he is also professor of management and organization in the Graduate School of Business Administration. Lawler is the author or coauthor of more than twenty books including Organizing for the Future (with J. Galbraith, 1993), The Ultimate Advantage (1992), and Employee Involvement and Total Quality Management (1992), all from Jossey-Bass.