Strategic Pay: Aligning Organizational Strategies and Pay Systems

"Why this book is written? ...Because during this decade organizations became more willing to try new pay practices. This willingness to deviate from traditional pay practices undoubtedly stemmed from the fact that, because the old ways were often inadequate, organizations sought new approaches to management. In the search for new ways to manage, pay was one of a number of practices that underwent scrunity and, in some cases, important chance... I wrote it because I wanted to demonstrate how important pay system design choices are to the ultimate effectiveness of an organization. I hope that it will put to rest the idea that pay is simply a cost for an organization, make it clear that making the right choices with respect to pay practices and processes is vital to an organization's effectiveness, and establish that pay practices can provide a definite competitive advantage (from the preface)." I highly recommend this pioneering study to all HR professionals and executives.