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Author: Thomas P. Flannery Publisher: Simon and Schuster ISBN: 074323653X Category : Business & Economics Languages : en Pages : 292
Book Description
People, Performance, and Pay identifies today's four most common organizational work cultures - functional, process, time-based, and network - and explains how to align innovative pay policies with each. With examples from LEGO, Hallmark, Holiday Inn, and other leading organizations, the authors explain how to assess an organization's current culture and determine what its future culture should be. They then demonstrate pay's role in such change initiatives, and how compensation must be integrated with other human resource processes, such as selection, training, and performance management. They also discuss the full range of pay strategies available today and how they can be best used to move the organization forward; for example, they recommend decreasing an organization's emphasis on base pay as it shifts from a functional culture to a process, time-based, or network culture. They also offer guidance on establishing team rewards, especially important in process and team-based cultures, and make a compelling case for putting more pay at risk through variable pay strategies. Here also is strategic advice on competency-based pay, performance-based rewards such as gain-sharing, executive pay, and benefits programs. As responsibility for compensation strategies and compensation decisions shifts away from the realm of the Human Resource Department, line managers and senior executives will find People, Performance, and Pay an invaluable reference for effectively using salary, incentives, and benefits to motivate and reward employees, improve quality, and increase productivity.
Author: Thomas P. Flannery Publisher: Simon and Schuster ISBN: 074323653X Category : Business & Economics Languages : en Pages : 292
Book Description
People, Performance, and Pay identifies today's four most common organizational work cultures - functional, process, time-based, and network - and explains how to align innovative pay policies with each. With examples from LEGO, Hallmark, Holiday Inn, and other leading organizations, the authors explain how to assess an organization's current culture and determine what its future culture should be. They then demonstrate pay's role in such change initiatives, and how compensation must be integrated with other human resource processes, such as selection, training, and performance management. They also discuss the full range of pay strategies available today and how they can be best used to move the organization forward; for example, they recommend decreasing an organization's emphasis on base pay as it shifts from a functional culture to a process, time-based, or network culture. They also offer guidance on establishing team rewards, especially important in process and team-based cultures, and make a compelling case for putting more pay at risk through variable pay strategies. Here also is strategic advice on competency-based pay, performance-based rewards such as gain-sharing, executive pay, and benefits programs. As responsibility for compensation strategies and compensation decisions shifts away from the realm of the Human Resource Department, line managers and senior executives will find People, Performance, and Pay an invaluable reference for effectively using salary, incentives, and benefits to motivate and reward employees, improve quality, and increase productivity.
Author: Zhiguo He Publisher: ISBN: Category : Languages : en Pages : 40
Book Description
This paper studies the optimal compensation problem between shareholders and the agent in a general cash-flow setup, and offers a framework to quantitatively assess the impact of agency problems. Under the structural model of capital structure studied in Leland (1994), we find that the debt-overhang effect on the endogenous managerial incentives lowers the optimal leverage. Consistent with the data, our model delivers a negative relation between pay-performance sensitivity and firm size, and the interaction between debt-overhang and agency issue leads smaller firms to take less leverage relative to their larger peers. During financial distress, a firm's cash-flow becomes more sensitive to underlying performance shocks due to debt-overhang. The implications on credit spreads and debt covenants are also considered.
Author: Dale E. Seborg Publisher: John Wiley & Sons ISBN: 1119285917 Category : Technology & Engineering Languages : en Pages : 512
Book Description
The new 4th edition of Seborg’s Process Dynamics Control provides full topical coverage for process control courses in the chemical engineering curriculum, emphasizing how process control and its related fields of process modeling and optimization are essential to the development of high-value products. A principal objective of this new edition is to describe modern techniques for control processes, with an emphasis on complex systems necessary to the development, design, and operation of modern processing plants. Control process instructors can cover the basic material while also having the flexibility to include advanced topics.
Author: Coleman Brosilow Publisher: Prentice Hall Professional ISBN: 9780130280787 Category : Chemical engineering Languages : en Pages : 712
Book Description
Annotation In this book, two of the field's leading experts bring together powerful advances in model-based control for chemical process engineering. From start to finish, Coleman Brosilow and Babu Joseph introduce practical approaches designed to solve real-world problems -- not just theory. The book contains extensive examples and exercises, and an accompanying CD-ROM contains hands-on MATLAB files that supplement the examples and help readers solve the exercises -- a feature found in no other book on the topic.
Author: Cecil L. Smith Publisher: John Wiley & Sons ISBN: 1118035216 Category : Technology & Engineering Languages : en Pages : 380
Book Description
This book fills the gap between basic control configurations (Practical Process Control) and model predictive control (MPC). For those loops whose performance has a direct impact on plant economics or product quality, going beyond simple feedback or cascade can improve control performance, or specifically, reduce the variance about the target. However, the effort required to implement such control technology must be offset by increased economic returns from production operations. The economic aspects of the application of the various advanced control technologies are stressed throughout the book.
Author: R.E. Skelton Publisher: Elsevier ISBN: 1483298264 Category : Technology & Engineering Languages : en Pages : 153
Book Description
Presents a state-of-the-art review of model error concepts, their characterization and compensation in estimation and control problems, with particular emphasis on error propagation, model order selection, performance guarantees, sensitivity and adaptive methods. Main topics covered include linear and nonlinear systems, identification, robotics, computer-aided design, signal processing, computers and communication in control, automation and real time control of processes.
Author: Thomas P. Flannery
Author: Yechong Chen
Author: Thomas P. Flannery
Author: 
Author: Zhiguo He
Author: Yu-Liang Chung
Author: Suresh Narayanan
Author: Dale E. Seborg
Author: Coleman Brosilow
Author: Cecil L. Smith
Author: R.E. Skelton