Author: Steve Kerr Publisher: Harvard Business Press ISBN: 1422140326 Category : Business & Economics Languages : en Pages : 145
Book Description
It's one of the thorniest management problems around: dealing with unmotivated, low-performing employees. It's easy to point the finger of blame at them. But in most companies, it's the reward system, not the workforce, that's causing poor attitudes and performance: many reward systems actually discourage desired behaviors while rewarding the very actions that drive executives crazy. In Reward Systems: Does Yours Deliver? Steve Kerr describes the steps you must take to create an effective reward system: - Clarify what you mean by "performance" -- in ways that help employees understand how they can support what you're trying to accomplish - Devise an effective performance-measurement system that distinguishes between metrics used for control and those used for employees' development - Design a reward system that motivates people to do what you want them to do while also meeting their needs To get the most from employees, you don't need to add headcount, upgrade your IT capabilities, or hire consultants. You do need to develop the right reward system. This book shows you how. From our new Memo to the CEO series -- solutions-focused advice from today's leading practitioners.
Author: Michael Dennis GRAHAM Publisher: AMACOM/American Management Association ISBN: 0814410820 Category : Business & Economics Languages : en Pages : 544
Book Description
When it comes to creating an executive compensation program, it can feel like there’s little gray area between giving top performers too shiny a golden parachute, with exorbitant perks, and providing the company’s leaders with the incentive they need to continue doing their best. This book gives readers the techniques and understanding they need to design a rewards strategy that will motivate performers while benefiting the entire organization. Taking a careful look at the complicated state of executive rewards, this no-nonsense, practical guide provides readers with a complete methodology for motivating management to accomplish critical business goals. Eschewing a one-size-fits-all approach, the book uses case studies and examples to illustrate what factors should be considered—including environment, key stakeholders, people strategy, business strategy, and organizational capabilities—when designing a program that will benefit both their company and the people who fuel its success.
Author: Michael Dennis Graham Publisher: AMACOM Div American Mgmt Assn ISBN: 081441012X Category : Business & Economics Languages : en Pages : 545
Book Description
After the Enron, Tyco, and WorldCom debacles, we all know what can happen when executives go wild. Creative accounting, inflated pay, runaway perks-and a downward spiral of the companies they run.
Author: Felice Beth Klein Publisher: ISBN: Category : Executives Languages : en Pages : 150
Book Description
Significant attention has been paid to executive pay. In over a thousand studies published on the topic of executive pay (Gomez-Mejia, Berrone, and Franco-Santos, 2010), most of the research revolves around answering one question: are executives rewarded for the performance of their organization? This literature, which is primarily based on agency theory, states that there is a separation of ownership and control in organizations, and because executives' interests are likely to diverge from owners' interests, executives may pursue their own interests over the interests of owners. Agency theory proposes that pay-for-performance systems are a key mechanism organizations can use to reduce agency costs (Jensen and Meckling, 1976). Therefore, under agency theory, an executive's pay is expected to vary with the performance of the organization he or she leads. Yet, although there is a substantial amount of research that investigates pay-forperformance in for-profit firms, the results are generally mixed. Additionally, very few studies have addressed the pay incentives of nonprofit leaders. Therefore, we are left without a clear understanding of how organizations are compensating their top executives and whether agency theory offers the best explanation of executive pay. My three-paper dissertation seeks to provide a better account of how organizations in different sectors use pay-for-performance systems to reward their top executives and why organizations across sectors may compensate their CEOs differently. More specifically, I investigate the pay-performance link in both for-profit firms and nonprofit organizations, which includes "charitable and religious" organizations and labor unions. In the first chapter of my dissertation, I examine whether the strength of the relationship between executive pay and organizational performance increases with performance level, and how this relationship compares in the for-profit and nonprofit sectors and between female and male CEOs. In my second dissertation chapter, I study whether nonprofit CEOs are paid based on organizational performance and what organizational factors affect the pay-performance relationship in charitable nonprofits. Last, my third dissertation chapter focuses on the pay of union leaders by examining the extent to which two commonly used compensation theories, that is, agency theory and tournament theory, help explain the pay of union presidents.
Author: Michael Dennis Graham Publisher: Lulu.com ISBN: 1300799668 Category : Business & Economics Languages : en Pages : 354
Book Description
In this book we make the case for the genesis of the problem being that many CEOs are not operating under a "fair and reasonable value exchange" with the organization that they work for, and that there are very clear reasons why that is the case. We know you will gain insight from this book finding new ways to view, consider, and reframe your approach to CEO (and other executive) employment relationships consisting of compensation programs and contracts using the all-important concept of value exchange. This book reveals a Principled Approached developed by consultants of Grahall, LLC, guiding the reader through the use of appropriate tools and well thought out processes, for a uniquely effective result.
Author: Steven Clifford Publisher: Penguin ISBN: 0735212392 Category : Business & Economics Languages : en Pages : 289
Book Description
"The pay gap between chief executive officers of major U.S. firms and their workers is higher than ever before--depending on the method of calculation, CEOs get paid between 300 and 700 times more than the average worker. Such outsized pay is a relatively recent phenomenon, but ... few detractors truly understand the numerous factors that have contributed to the dizzying upward spiral in CEO compensation. Steven Clifford, a former CEO who has also served on many corporate boards, has a name for these procedures and practices: 'The CEO Pay Machine.' [This book] is Clifford's ... explanation of the 'machine'--how it works, how its parts interact, and how every step pushes CEO pay to higher levels"--
Author: Edge Publisher: Windsor Professional Information ISBN: 9781893190252 Category : Business & Economics Languages : en Pages : 564
Book Description
Drawing from nine of the leading compensation advisory firms in the country, Executive Compensation: The Professional's Guide to Current Issues and Practices is the first publication to bring together a number of the top practitioners and experts in the field to provide the information and insights needed to navigate within the new era of accountability and performance standards.
Author: Ade Asefeso MCIPS MBA Publisher: AA Global Sourcing Ltd ISBN: 1291691839 Category : Languages : en Pages : 185
Book Description
Being a CEO “Chief Executive Officer” takes a great deal more effort and energy than just giving orders. You can't just tell an employee something and move on. You have to understand where they are coming from and their individual strengths, weaknesses, fears, and motivations. During the recent global recession, much attention was devoted to the mistakes that sparked the financial and economic crisis, in hopes of not repeating them. Less was given to what was done well amid the turmoil to learn, for example, how best to lead a company through tough times. None of the CEOs we interviewed in this book claimed to have attempted anything revolutionary. What was evident, however, was their resolve in pursuing the principles they thought were right, often in the face of opposition. Leadership becomes increasingly important in tough times, when so much is at risk but it can be even harder to exercise. The leadership “musts” described in this book has made the greatest difference for CEOs on the front line.
Author: Professor Andrew Hopkins Publisher: Ashgate Publishing, Ltd. ISBN: 1472449843 Category : Business & Economics Languages : en Pages : 193
Book Description
Financial incentives have long been used to try to influence professional values and practices. Recent events including the global financial crisis and the BP Texas City refinery disaster have been linked to such incentives, with commentators calling for a critical look at these systems given the catastrophic outcomes. Risky Rewards engages with this debate, particularly in the context of the present and potential role of incentives to manage major accident risk in hazardous industries.
Author: Steve Kerr
Author: Michael Dennis GRAHAM
Author: Michael Dennis Graham
Author: Felice Beth Klein
Author: Michael Dennis Graham
Author: Steven Clifford
Author: Edge
Author: Ade Asefeso MCIPS MBA
Author: Professor Andrew Hopkins
Author: Michael Dennis GRAHAM