The Effects of a Compensation Program Change on Employee Performance, Attitudes, Turnover, and Hours of Work PDF Download

Author: Christine O'Connor Booth
Publisher:
ISBN:
Category :
Languages : en
Pages : 162

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Author: Mark Vonrhein
Publisher: iUniverse
ISBN: 059550874X
Category : Business & Economics
Languages : en
Pages : 78

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The costs of employee turnover can be staggering. Not only do they include fully-loaded payroll costs of a vacant position, but they can also rack up overtime and consume managers' time to recruit and train new hires. Add in lost productivity, and you have a major problem. Reducing employee turnover will clearly improve how your business functions and performs financially. In Turning Turnover Around, Mark Vonrhein synthesizes years of experience working with hundreds of entry-level employees. Vonrhein has successfully used a five-point plan-the Performance Compensation Program-to increase productivity, keep employees happy, and increase profitability. The Plan is straightforward. Start entry-level employees below industry average salaries, then clearly define performance goals and post performance results daily. Then, give feedback on a regular basis, and reward your high-performers with incremental, and typically more frequent, pay raises. To supplement his program, Vonrhein provides wage models that help you match an employee's pay level to his or her performance. He also shares a wealth of information on the program's impact, which ranges from more engaged and productive workers, to a healthier bottom line. Combine Vonrhein's program with his "management tune-up" tips and you'll soon see turnover turning around.

Author: Sara L. Rynes
Publisher: Pfeiffer
ISBN: 9780787952747
Category : Business & Economics
Languages : en
Pages : 0

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Join the latest debate on the issues surrounding employment compensation. In Compensation and Organizations, a number of leading I/O psychologists and researchers explore the tremendous impact that recent changes in market conditions have had on today's compensation practices and outcomes. They delve into the effects that compensation has on employee performance, satisfaction, and attraction and retention, and examine the roles of pay strategy, pay risk, and the changing employment contract on pay packages and pay outcomes. They also offer nine general principles for constructing effective incentive systems. It's a broad-ranging work that summarizes the most important trends and conclusions in this important field and highlights areas in need of further research.

Author:
Publisher:
ISBN:
Category : Delegated legislation
Languages : en
Pages : 2070

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Author:
Publisher:
ISBN:
Category : Employee fringe benefits
Languages : en
Pages : 48

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Author: United States. Office of Personnel Management. Library
Publisher:
ISBN:
Category : Civil service
Languages : en
Pages : 208

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Author:
Publisher:
ISBN:
Category : Statistics
Languages : en
Pages : 840

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Author: United States. Department of Labor. Office of the Assistant Secretary for Policy, Evaluation, and Research
Publisher:
ISBN:
Category : Government publications
Languages : en
Pages : 126

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Annotated bibliography of evaluation and research reports emanating from the USA department of labor (asper) on the labour market, economic policy, employment and vocational training programmes for the period from 1970 to 1979.

Author: Douglas L. Kruse
Publisher: University of Chicago Press
ISBN: 0226056961
Category : Business & Economics
Languages : en
Pages : 433

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The historical relationship between capital and labor has evolved in the past few decades. One particularly noteworthy development is the rise of shared capitalism, a system in which workers have become partial owners of their firms and thus, in effect, both employees and stockholders. Profit sharing arrangements and gain-sharing bonuses, which tie compensation directly to a firm’s performance, also reflect this new attitude toward labor. Shared Capitalism at Work analyzes the effects of this trend on workers and firms. The contributors focus on four main areas: the fraction of firms that participate in shared capitalism programs in the United States and abroad, the factors that enable these firms to overcome classic free rider and risk problems, the effect of shared capitalism on firm performance, and the impact of shared capitalism on worker well-being. This volume provides essential studies for understanding the increasingly important role of shared capitalism in the modern workplace.

Author: William M. Mercer, Inc
Publisher:
ISBN:
Category : Compensation management
Languages : en
Pages : 36

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