Innovative reward systems for the changing workplace

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reward systems—and the unfortunate truth is, most organizations continue to use systems and practices that are based on outdated models of control and entitlement.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!