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The
SZA Total Rewards Bulletin
Printer-friendly
version
August
2007
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Welcome
to the August 2007 issue of The SZA Total Rewards Bulletin.
Variable pay is the reward tool of the decade. In this issue, the
Strategy section discusses how a strategy of adapting to variable pay is
an urgent need during competitive times. Variable pay needs measures and
goals to help the business succeed, and in Tactics we suggest how goal
selection accelerates variable pay and permits your organization to
capitalize on a pay tactic directly linked to your business success. And
if your organization’s job description process is in trouble, we have
a lifeline for you in this issue’s Tips.
Pay & Reward Strategy:
The Strategy of
Adapting to Variable Pay
Although statistics
vary, it is safe to say that 50% of organizations now use variable pay
and incentives for non-management jobs (and, of course, a larger portion
use incentives for managers and executives). Yet many organizations
still seem hesitant to move to broad-based variable pay plans and remain
focused on the “merit increase” as their monetary tool for rewarding
performance...read
more
Pay & Rewards Tactics:
Selecting Variable
Pay Goals
One of the most powerful
advantages of variable pay is the ability it gives to organizations to
select measures and goals for
determining awards based on the business strategy, operating plan, and
business case for implementing variable pay...read
more
Pay & Rewards Tips:
Job Descriptions
For
organizations that rely on job descriptions for determining job value, how
might they take action to stop job value inflation?...read
more
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In this
issue:
Pay
& Reward Strategy:
The
Strategy of Adapting to Variable Pay
Pay
& Reward Tactics:
Selecting
Variable Pay Goals
Pay
& Reward Tips:
Job Descriptions
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Come
see us!
Practical
Challenges, Trends, and Strategies for Engagement through Pay and
Rewards
Pat Zingheim
and Jay Schuster
Tues., Sept. 4, 2007,
10:55 - 11:55am
13th Annual Arizona SHRM State Conference
Sponsored by Arizona
Society for Human Resource Management (AZSHRM)
Pay
Budget for 2008? Making Room to Pay for Performance
Pat Zingheim
and Jay Schuster
Thurs., Sept. 6, 2007
10:00 am - 12:00 noon PDT
Webinar
Sponsored by Professionals
in Human Resources Association (PIHRA) and Northern
California Human Resources Association (NCHRA)
Can
Base Pay Really Reward Performance?
(Keynote
Presentation)
Retaining
Talent and Building a Performance Culture through Pay and Rewards
(Interactive
Workshop)
Jay Schuster and Pat Zingheim
Tues., Sept. 18, 2007
Columbus, OH
Sponsored by Columbus
Compensation Association (CCA)
Other
speeches...
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ABOUT
US: Jay
Schuster and Pat Zingheim are partners in Schuster-Zingheim and
Associates, Inc., a globally recognized pay and rewards consulting firm
located in Los Angeles and founded in 1985. They received the 2006
Keystone Award from WorldatWork, the Association’s highest honor, for
their contributions to the total rewards profession’s body of
knowledge. They consult with a wide range of companies throughout the
world on the development of total rewards, incentives, base pay
structures and increase methodologies, performance management, executive
compensation, sales compensation, recognition, and other pay solutions.
They are authors of a new book High-Performance Pay: Fast Forward to
Business Success (WorldatWork, 2007), the best-selling rewards book Pay People Right!
Breakthrough Reward Strategies to Create Great Companies (Jossey-Bass,
2000) and the all-time best-selling book on workforce pay, The New
Pay: Linking Employee and Organizational Performance (Jossey-Bass
Publishers, 1996). They are authors of numerous articles in business
magazines on the subjects of rewards and organizational effectiveness.
Both are contributors to publications such as Fortune, Across the
Board, Wall Street Journal, Working Woman, and Business Week.
They have appeared on many television, cable, and radio programs
including CNBC, CNNfn, NBC, and CBS. They speak throughout the world to
leadership audiences interested in creating a high-performance workplace
through people. Pat and Jay were selected as pay and motivation gurus in
The Guru Guide.
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The SZA Total Rewards Bulletin will be sent to
you periodically--or you can read it on our website at www.schuster-zingheim.com
or www.paypeopleright.com.
Tell your friends and colleagues about The
SZA Total Rewards Bulletin. Forward this newsletter and tell
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You are
receiving this e-mail because you have subscribed to The SZA Total Rewards
Bulletin. Our mailing list will be used only to send this
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email or send an e-mail to totalrewards@schuster-zingheim.com
or contact Schuster-Zingheim and Associates, Inc. at (310)
471-4865.
Copyright
2007 Schuster-Zingheim
and Associates, Inc.
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