Howard Risher
Aligning Pay and Results
Compensation Strategies That
Work from the Boardroom to the Shop Floor
 Howard
Risher is a senior fellow at the Center for Human Resources, Wharton School,
University of Pennsylvania.
In "Aligning pay and
results: compensation strategies that work from the boardroom to the shop
floor", Risher takes us from the boardroom to the shop floor, away from
the historical mechanistic view and scientific management philosophy towards
organizations that were product oriented and had corresponding piece rate
payment, merit pay, profit sharing, individual based pay systems that were
focused on last year's performance.
According to Risher,
organizations are more and more evolving into service oriented knowledge
networks and learning organizations with corresponding compensation
management systems that are gain sharing, goal sharing, success sharing,
achievement sharing, broad banding and based on pay for performance.
Additionally these new boardroom compensations management strategies are
team based, skill based and competency based and should be designed, managed
and aligned to support future business value and results.
Contributors to
"Aligning pay and
results: compensation strategies that work from the boardroom to the shop
floor" include experts from DuPont, Towers Perrin,
Sibson, William M. Mercer, and other firms.
In this book on
compensation strategy Howard Risher brings together ideas from a group of
consultants focusing on the role of compensation for achieving
organizational goals and results.
Comparing between new
and traditional pay philosophies, throughout the book contributors discuss
issues using real cases such as:
- use of incentives as
one of the tools to accomplish performance,
- compensation
strategy and variable-pay system: DuPont case,
- competency-based and
skill-based pay as incentives for employees to enhance their competence and
add new skills,
- problems of
team-based pay.
Easy to read,
"Aligning pay and
results: compensation strategies that work from the boardroom to the shop
floor" is a recommended study for HR professionals and consultants considering a results
or Value Based Management oriented compensation strategy.
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