文档介绍：pensation and
Organization Effectiveness
New World; Proven Tools
May 13, 2003
Dow Scott, . - Loyola University
Richard Sperling, CCP - Hay Group
Marc Wallace - Hay Group
LOYOLA
Purpose Of This Study
To understand the prevalence pensation
policies and practices in . organizations
To examine the relationship pensation policies
and practices anizational effectiveness
LOYOLA
1
How much Interest Is There In
This Subject?
In late 2002, World at Work members were surveyed.
How many in here responded?
1,226 members responded to World at Work survey
(Very high for surveys of this type).
Increase in articles in WorkSpan and other journals
dealing with:
z Market pricing
z Job evaluation
z Effective implementation munication
LOYOLA
Clearly, there is interest in this subject!
2
Study Methodology
mon and not mon pay policies
and practices in literature and from our experience.
Focused on managerial and professional employees.
Constructed and piloted the on-line survey.
WorldatWork surveyed members piled
response data.
Compared pay polices and practices anizations
with varying levels of effectiveness.
LOYOLA
3
Who Is essful?
We identified ess in two ways:
America’s Most Top Five Year
Admired Shareholder Return
Each year, Fortune Return on shares
and Hay Group including dividends
identify America’s and stock price.
Most Admired (Top Quartile)
panies.
4
Key Findings:
What Do You Think We found?
Are today’pensation programs substantially
different than they were 10 years ago?
What pay innovations of yesteryear have e
common practice today?
What is the perennial weakness of pay programs?
What parts of your pay programs are working the
best?
pensation policies and practices are more
likely to be utilized by anizations?
LOYOLA Let’s take a look at what the results tell us...
5
Key Findings Overview
The results of this survey were somewh