Payroll Framework: The Pay-Driven Strategy and Secret Systems of 39 First-Class Companies in the United States

Author: (USA) Wilson Chen Hongbin/Liu Zhen/Yin Hong Translation
Publisher:
Publish Date: 2001-01-01
Features: Just as the saying "rewards depend on efforts" was once popular, today's companies are embracing another maxim: "efforts depend on rewards." Now, compensation is no longer seen as an unavoidable cost, but as a powerful tool for achieving organizational goals. Therefore, this is a revolution for compensation systems. Although most companies know that compensation should be tied to actual performance (not just seniority and effort), in reality, very few companies have demonstrated this by allowing employees to share the results of their efforts. Here, the term "sharing" does not just mean patting on the back or saying a few nice words—it requires significant, tangible material rewards.
"Compensation Framework" tells the experiences of 39 companies that have successfully linked compensation to performance. These case studies reveal how each company designed its own pay system. Incentive and bonus plans, individual recognition, and other reward methods for acknowledging and motivating employees' outstanding performance provide a fascinating, vivid behind-the-scenes look at some of the top companies in the United States. These include world-renowned enterprises such as Cisco, Southwest Airlines, Amazon, and Coca-Cola. However, the greatest takeaway from "Compensation Framework" is that you will not only understand why every company must change, but also how to design compensation systems to support these changes. At the same time, you will learn how to tailor these compensation systems to meet the company's needs, thereby strengthening organizational spirit, redefining the relationship between employers and employees, and enhancing the company's competitiveness and vitality.