Contribution Based Pay Tools to Identify, Measure and Reward Performance
“Contribution Based Pay Tools to Identify, Measure and Reward Performance” by Gwen E. Torkelson, published by iUniverse on July 30, 2001, presents a comprehensive approach to performance and competency-based pay systems. This 144-page book is written in English and aims to provide insights into creating a customer-focused compensation strategy that aligns rewards with performance and skill development.
Readers will find a detailed exploration of how to implement a compensation system that prioritizes customer service over task completion. The book discusses methods for maintaining a competitive advantage through the management of core skills and capabilities, while also emphasizing the importance of effective training and competitive pay practices. With a focus on business and economics, particularly in human resources and personnel management, this edition serves as a practical guide for organizations looking to enhance their performance measurement and reward systems.
Official synopsis Publisher
Contribution Based Pay combines results-oriented performance and competency-based pay in one customer-focused, strategically oriented compensation system. This system helps you:
* Focus performance and rewards on serving the customer, not on performing tasks.
*Align pay with increasing skill and delivering performance.
*Maintain competitive advantage by building and managing core skills and capabilities.
* Focus training efforts making them cost effective and measurable.
* Keep pay competitive using competitor-focused survey techniques.
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