Rewards That Drive High Performance: Success Stories from Leading Organizations

By Thomas B. Wilson

Many companies say their people are the key to success. But only a select few actually prove it by letting employees share in the results they helped to achieve. These companies use a careful blend of... This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 0814404286
• ISBN13: 9780814404287
• Release Date: April 1999
• Publisher: Amacom Books
• Length: 314 Pages
• Weight: 1.40 lbs.
• Dimensions: 9.8" x 1.3" x 6.8"

Customer Reviews

Understand the critical importance of an employee reward system

In the modern economy, organizations that compete for the best people must learn to design reward systems that drive performance. The author argues that in today's marketplace, more and more companies are seeing employee benefits not as an expense, but as a tool for achieving particular goals. The author further explains that with loyalty gone, workers need a reward system that works, or they will leave the company. Author Thomas Wilson explored many different reward systems from different firms. As he reviewed the most successful firms, he started to notice similarities. The author noticed that regardless of the individual goals of each organization's reward program, they all shared these 10 key factors: · Reward systems play a crucial role in performance. · Measures give rewards relevance, rewards give measures meaning. · Alignment with the company's philosophies and values, along with consistency are essential. · How people are paid is often more important than how much they are paid. · Build programs with a vision, improving them over time. · The value of the reward, including psychological value, should exceed its cost. · Recognize that the program does not become real for workers until the first payment. · Translate measures into action guidelines for employees. · Make rewards more meaningful by combing financial with non-financial rewards. · Use rewards as strategic management systems used to support the strategy, goals, and values of a company.

This book is simply great. A must read for everyone.

This book provides insights into some of the most talked about companies in America. It helped me understand their situation, and how they developed an effective reward system. It also gave me specific tools, and hundreds of ideas. It is clear, well written, and well presented. Thanks.