Download Building a Fair Pay Program by Roger J. Plachy, Sandra J. Plachy PDF
By Roger J. Plachy, Sandra J. Plachy
Given that 1986 this definitive, step by step source has guided reimbursement and human assets pros in a single of the main difficult initiatives they face: designing and enforcing a good pay program.
Now, during this increased and up to date version, readers study the serious significance of linking pay to functionality by way of targeting genuine effects accomplished. The publication presents a ready-to-go version to conform for the actual wishes of person businesses. It indicates easy methods to: tie the pay software into the organization's strategic plans
-- comprehend and select one of the innovations available
-- study and overview particular jobs
-- speak the plan to staff
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Additional resources for Building a Fair Pay Program
Is management's opinion based on fact (such as an attitude survey, focus groups, or grievances) or conjecture? What has to happen in order to make your program right? " Organizations lose control over their economics and pay practices when they implement programs that emulate competitors or the market. Pay strategies should not contradict the way an organization operates. For example, an organization that encourages teamwork, empowerment, and manager-employee collaboration should promulgate pay policies, practices, and perks that do not contradict these values.
Weigh sales or service, income and expense, products or services, and prices or charges. And consider innovation, financing, human resources, and social responsibility too. Don't be surprised if not all the information is available; sometimes organizations work more by instinct than by planning. Your program could be the catalyst for improved managerial performance. What a great opportunity to introduce some good old management development tied to a here-and-now problem. Where information is available but not circulated to you, go after it.
Many managers inflate pay increases. Pay guidelines from which managers make pay decisions are overly rigid, riddled with inconsistencies, or simply not enforced. The solution here demands an entirely new commitment to pay management. In this book, we show you each element of a pay program so that you can solve specific problems, but we also emphasize the integration of elements to help you understand the cause and effect of pay problems. 1 What happened to make you consider building a new pay program?