The Strategic Design of Reward Systems.
Generate an AI Snapshot to get a quick, structured summary of this paper.
A concise AI-generated summary of the paper will appear here once you click Generate AI Snapshot.
Abstract
Abstract : Key issues in the strategic design of organizational reward systems are reviewed. Possible objectives for reward systems, including motivation, attraction/retention, culture development, and skill development are considered. The relationship between these objectives and such design options as performance pay, skill-based pay, flexible benefits market position, and internal versus external pay comparison orientation are reviewed. The process issues of openness and participation in pay system administration and development are also related to the possible objectives of the pay system. It is concluded that pay system design can be an important issue in determining the effectiveness of an organizational in relation to its external environment. (Author)