Paying For Performance

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Economic Ideas You Should Forget

Bruno S. Frey,David Iselin
Economic Ideas You Should Forget Book PDF

Author : Bruno S. Frey,David Iselin
Publisher : Springer
Page : 166 pages
File Size : 49,8 Mb
Release : 2017-03-08
Category : Business & Economics
ISBN : 9783319474588

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Economic Ideas You Should Forget by Bruno S. Frey,David Iselin Pdf

Reporting on cutting-edge advances in economics, this book presents a selection of commentaries that reveal the weaknesses of several core economics concepts. Economics is a vigorous and progressive science, which does not lose its force when particular parts of its theory are empirically invalidated; instead, they contribute to the accumulation of knowledge. By discussing problematic theoretical assumptions and drawing on the latest empirical research, the authors question specific hypotheses and reject major economic ideas from the “Coase Theorem” to “Say’s Law” and “Bayesianism.” Many of these ideas remain prominent among politicians, economists and the general public. Yet, in the light of the financial crisis, they have lost both their relevance and supporting empirical evidence. This fascinating and thought-provoking collection of 71 short essays written by respected economists and social scientists from all over the world will appeal to anyone interested in scientific progress and the further development of economics.

Handbook of Principles of Organizational Behavior

Edwin Locke
Handbook of Principles of Organizational Behavior Book PDF

Author : Edwin Locke
Publisher : John Wiley & Sons
Page : 694 pages
File Size : 41,5 Mb
Release : 2011-07-15
Category : Business & Economics
ISBN : 9780470685334

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Handbook of Principles of Organizational Behavior by Edwin Locke Pdf

There is a strong movement today in management to encourage management practices based on research evidence. In the first volume of this handbook, I asked experts in 39 areas of management to identify a central principle that summarized and integrated the core findings from their specialty area and then to explain this principle and give real business examples of the principle in action. I asked them to write in non-technical terms, e.g., without a lot of statistics, and almost all did so. The previous handbook proved to be quite popular, so I was asked to edit a second edition. This new edition has been expanded to 33 topics, and there are some new authors for the previously included topics. The new edition also includes: updated case examples, updated references and practical exercises at the end of each chapter. It also includes a preface on evidence-based management. The principles for the first edition were intended to be relatively timeless, so it is no surprise that most of the principles are the same (though some chapter titles include more than one principle). This book could serve as a textbook in advanced undergraduate and in MBA courses. It could also be of use to practicing managers and not just those in Human Resource departments. Every practicing manager may not want to read the whole book, but I am willing to guarantee that every one will find at least one or more chapters that will be practically useful. In this time of economic crisis, the need for effective management practices is more acute than ever.

Paying for Performance in Healthcare: Implications for Health System Performance and Accountability

Cheryl Cashin,Y-Ling Chi,Michael Borowitz,Sarah Thompson
Paying for Performance in Healthcare Implications for Health System Performance and Accountability Book PDF

Author : Cheryl Cashin,Y-Ling Chi,Michael Borowitz,Sarah Thompson
Publisher : McGraw-Hill Education (UK)
Page : 338 pages
File Size : 51,5 Mb
Release : 2014-09-16
Category : Medical
ISBN : 9780335264391

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Paying for Performance in Healthcare: Implications for Health System Performance and Accountability by Cheryl Cashin,Y-Ling Chi,Michael Borowitz,Sarah Thompson Pdf

Health spending continues to grow faster than the economy in most OECD countries. In 2010, the OECD published a study of strategies to increase value for money in health care, in which pay for performance (P4P) was identified as an innovative tool to improve health system efficiency in several OECD countries. However, evidence that P4P increases value for money, boosts quality of processes in health care, or improves health outcomes is limited.This book explores the many questions surrounding P4P such as whether the potential power of P4P has been over-sold, or whether the disappointing results to date are more likely rooted in problems of design and implementation or inadequate monitoring and evaluation. The book also examines the supporting systems and process, in addition to incentives, that are necessary for P4P to improve provider performance and to drive and sustain improvement. The book utilises a substantial set of case studies from 12 OECD countries to shed light on P4P programs in practice.Featuring both high and middle income countries, cases from primary and acute care settings, and a range of both national and pilot programmes, each case study features: Analysis of the design and implementationdecisions, including the role of stakeholders Critical assessment of objectives versus results Examination of the of 'net' impacts, includingpositive spillover effects and unintended consequences The detailed analysis of these 12 case studies together with the rest of this critical text highlight the realities of P4P programs and their potential impact on the performance of health systems in a diversity of settings. As a result, this book provides critical insights into the experience to date with P4P and how this tool may be better leveraged to improve health system performance and accountability. This title is in the European Observatory on Health Systems and Policies Series.

Pay for Performance

National Research Council,Division of Behavioral and Social Sciences and Education,Commission on Behavioral and Social Sciences and Education,Committee on Performance Appraisal for Merit Pay,Anne S. Mavor,Renae F. Broderick
Pay for Performance Book PDF

Author : National Research Council,Division of Behavioral and Social Sciences and Education,Commission on Behavioral and Social Sciences and Education,Committee on Performance Appraisal for Merit Pay,Anne S. Mavor,Renae F. Broderick
Publisher : National Academies Press
Page : 221 pages
File Size : 49,6 Mb
Release : 1991-02-01
Category : Business & Economics
ISBN : 9780309044271

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Pay for Performance by National Research Council,Division of Behavioral and Social Sciences and Education,Commission on Behavioral and Social Sciences and Education,Committee on Performance Appraisal for Merit Pay,Anne S. Mavor,Renae F. Broderick Pdf

"Pay for performance" has become a buzzword for the 1990s, as U.S. organizations seek ways to boost employee productivity. The new emphasis on performance appraisal and merit pay calls for a thorough examination of their effectiveness. Pay for Performance is the best resource to date on the issues of whether these concepts work and how they can be applied most effectively in the workplace. This important book looks at performance appraisal and pay practices in the private sector and describes whetherâ€"and howâ€"private industry experience is relevant to federal pay reform. It focuses on the needs of the federal government, exploring how the federal pay system evolved; available evidence on federal employee attitudes toward their work, their pay, and their reputation with the public; and the complicating and pervasive factor of politics.

Business Performance Measurement

Andy Neely
Business Performance Measurement Book PDF

Author : Andy Neely
Publisher : Cambridge University Press
Page : 386 pages
File Size : 53,8 Mb
Release : 2002-03-07
Category : Business & Economics
ISBN : 052180342X

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Business Performance Measurement by Andy Neely Pdf

A multidisciplinary book on performance measurement that will appeal to students, researchers and managers.

Pay Without Performance

Lucian A. Bebchuk,Jesse M. Fried
Pay Without Performance Book PDF

Author : Lucian A. Bebchuk,Jesse M. Fried
Publisher : Harvard University Press
Page : 308 pages
File Size : 40,8 Mb
Release : 2004
Category : Business & Economics
ISBN : 0674020634

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Pay Without Performance by Lucian A. Bebchuk,Jesse M. Fried Pdf

The company is under-performing, its share price is trailing, and the CEO gets...a multi-million-dollar raise. This story is familiar, for good reason: as this book clearly demonstrates, structural flaws in corporate governance have produced widespread distortions in executive pay. Pay without Performance presents a disconcerting portrait of managers' influence over their own pay--and of a governance system that must fundamentally change if firms are to be managed in the interest of shareholders. Lucian Bebchuk and Jesse Fried demonstrate that corporate boards have persistently failed to negotiate at arm's length with the executives they are meant to oversee. They give a richly detailed account of how pay practices--from option plans to retirement benefits--have decoupled compensation from performance and have camouflaged both the amount and performance-insensitivity of pay. Executives' unwonted influence over their compensation has hurt shareholders by increasing pay levels and, even more importantly, by leading to practices that dilute and distort managers' incentives. This book identifies basic problems with our current reliance on boards as guardians of shareholder interests. And the solution, the authors argue, is not merely to make these boards more independent of executives as recent reforms attempt to do. Rather, boards should also be made more dependent on shareholders by eliminating the arrangements that entrench directors and insulate them from their shareholders. A powerful critique of executive compensation and corporate governance, Pay without Performance points the way to restoring corporate integrity and improving corporate performance.

People, Performance, & Pay

Thomas P. Flannery,David A. Hofrichter,Paul E. Platten
People Performance Pay Book PDF

Author : Thomas P. Flannery,David A. Hofrichter,Paul E. Platten
Publisher : Simon and Schuster
Page : 292 pages
File Size : 45,6 Mb
Release : 2002-01-15
Category : Business & Economics
ISBN : 9780743236539

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People, Performance, & Pay by Thomas P. Flannery,David A. Hofrichter,Paul E. Platten Pdf

People, Performance, and Pay identifies today's four most common organizational work cultures - functional, process, time-based, and network - and explains how to align innovative pay policies with each. With examples from LEGO, Hallmark, Holiday Inn, and other leading organizations, the authors explain how to assess an organization's current culture and determine what its future culture should be. They then demonstrate pay's role in such change initiatives, and how compensation must be integrated with other human resource processes, such as selection, training, and performance management. They also discuss the full range of pay strategies available today and how they can be best used to move the organization forward; for example, they recommend decreasing an organization's emphasis on base pay as it shifts from a functional culture to a process, time-based, or network culture. They also offer guidance on establishing team rewards, especially important in process and team-based cultures, and make a compelling case for putting more pay at risk through variable pay strategies. Here also is strategic advice on competency-based pay, performance-based rewards such as gain-sharing, executive pay, and benefits programs. As responsibility for compensation strategies and compensation decisions shifts away from the realm of the Human Resource Department, line managers and senior executives will find People, Performance, and Pay an invaluable reference for effectively using salary, incentives, and benefits to motivate and reward employees, improve quality, and increase productivity.

Performance-related Pay Policies for Government Employees

OECD
Performance related Pay Policies for Government Employees Book PDF

Author : OECD
Publisher : OECD Publishing
Page : 217 pages
File Size : 43,8 Mb
Release : 2005-05-20
Category : Electronic
ISBN : 9789264007550

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Performance-related Pay Policies for Government Employees by OECD Pdf

This report presents an overview of performance-related pay policies (PRP) for government employees in selected OECD member countries over the past two decades. Both the strengths and the weaknesses of PRP policies are assessed. The report explores ...

Paying for Performance: An International Comparison

Michelle Brown,John S. Heywood
Paying for Performance An International Comparison Book PDF

Author : Michelle Brown,John S. Heywood
Publisher : Routledge
Page : 313 pages
File Size : 50,6 Mb
Release : 2019-07-23
Category : Business & Economics
ISBN : 9781317463160

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Paying for Performance: An International Comparison by Michelle Brown,John S. Heywood Pdf

Although performance pay is used in many industrialized nations, the structure and success of this pay system vary widely depending on the institutions, regulatory framework, and legal settings of each country. This book makes the details and effects of these local variations clear for the first time. World-renowned experts on the programs in their respective countries provide in-depth analyses of performance pay in the United States, Canada, France, the United Kingdom, Germany, Australia, Japan, and Brazil. They draw out common themes across the countries, as well as country-specific determinants of the use of performance pay and its level of success.

Merit Pay

Robert L. Heneman,Jon M. Werner
Merit Pay Book PDF

Author : Robert L. Heneman,Jon M. Werner
Publisher : IAP
Page : 309 pages
File Size : 51,7 Mb
Release : 2004-12-01
Category : Business & Economics
ISBN : 9781607529125

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Merit Pay by Robert L. Heneman,Jon M. Werner Pdf

This book was written to bring together a summary of the current knowledge on merit pay and to further advance understanding of this type of incentive pay plan. When the writing of the first edition was begun in 1989, there were no books devoted exclusively to the subject of merit pay. Thus, this book was written to fill a void in the compensation literature. Since then, surveys have shown that merit pay remains a frequently used method of incentive compensation, and research into the merit pay process continues to grow. However, other forms of incentive pay, such as gainsharing, continue to receive the most attention, as evidenced by the number of books and articles on this topic in the popular press. In response to the frequent use of merit pay in organizations and the growing body of research, a book-length treatment of merit pay was needed. What we hope to do with this second edition, beyond updating, is to link merit pay with the many changes going on in total compensation or "reward management" (R. Heneman, 2001a, 2002). We also will argue that, even among all the challenges and changes that organizations currently face, there is still "merit" in appropriately conceived and implemented merit pay plans (Bates, 2003c).

Paying for Performance

Peter T. Chingos
Paying for Performance Book PDF

Author : Peter T. Chingos
Publisher : John Wiley & Sons
Page : 417 pages
File Size : 45,5 Mb
Release : 2002-10-15
Category : Business & Economics
ISBN : 9780471273745

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Paying for Performance by Peter T. Chingos Pdf

An up-to-date, revised edition of the complete, practical guide to designing and implementing effective compensation plans A compensation package should be more than just the means to attract and retain talented executives. The right kind of plan can give your company a powerful strategic advantage. In Paying for Performance, Second Edition, consultants at Mercer Human Resource Consulting, Inc., one of the world's leading human resources consulting firms, give you the tools and techniques you need to design and implement a highly effective compensation program that will sharpen your company's competitive edge for years to come. The book also shows you how to understand shareholder expectations, government regulation, and a host of business and human resources issues. Paying for Performance, Second Edition: * Describes best practices used at America's top-performing companies * Offers proven pay-for-performance tools for addressing current and future pay issues * Uses case studies drawn from extensive Mercer Human Resource Consulting, Inc. research * Addresses the special issues affecting pay-for-performance in not-for-profits * Presents expert advice on managing talent and competencies to maximize performance * Addresses the regulatory issues that affect executive compensation * Covers everything from base pay to annual and long-term compensation

What Unions No Longer Do

Jake Rosenfeld
What Unions No Longer Do Book PDF

Author : Jake Rosenfeld
Publisher : Harvard University Press
Page : 288 pages
File Size : 41,8 Mb
Release : 2014-02-10
Category : Social Science
ISBN : 9780674726215

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What Unions No Longer Do by Jake Rosenfeld Pdf

From workers' wages to presidential elections, labor unions once exerted tremendous clout in American life. In the immediate post-World War II era, one in three workers belonged to a union. The fraction now is close to one in five, and just one in ten in the private sector. The only thing big about Big Labor today is the scope of its problems. While many studies have explained the causes of this decline, What Unions No Longer Do shows the broad repercussions of labor's collapse for the American economy and polity. Organized labor was not just a minor player during the middle decades of the twentieth century, Jake Rosenfeld asserts. For generations it was the core institution fighting for economic and political equality in the United States. Unions leveraged their bargaining power to deliver benefits to workers while shaping cultural understandings of fairness in the workplace. What Unions No Longer Do details the consequences of labor's decline, including poorer working conditions, less economic assimilation for immigrants, and wage stagnation among African-Americans. In short, unions are no longer instrumental in combating inequality in our economy and our politics, resulting in a sharp decline in the prospects of American workers and their families.

You’re Paid What You’re Worth

Jake Rosenfeld
You re Paid What You re Worth Book PDF

Author : Jake Rosenfeld
Publisher : Harvard University Press
Page : 385 pages
File Size : 44,5 Mb
Release : 2021-01-19
Category : Business & Economics
ISBN : 9780674916593

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You’re Paid What You’re Worth by Jake Rosenfeld Pdf

A myth-busting book challenges the idea that we’re paid according to objective criteria and places power and social conflict at the heart of economic analysis. Your pay depends on your productivity and occupation. If you earn roughly the same as others in your job, with the precise level determined by your performance, then you’re paid market value. And who can question something as objective and impersonal as the market? That, at least, is how many of us tend to think. But according to Jake Rosenfeld, we need to think again. Job performance and occupational characteristics do play a role in determining pay, but judgments of productivity and value are also highly subjective. What makes a lawyer more valuable than a teacher? How do you measure the output of a police officer, a professor, or a reporter? Why, in the past few decades, did CEOs suddenly become hundreds of times more valuable than their employees? The answers lie not in objective criteria but in battles over interests and ideals. In this contest four dynamics are paramount: power, inertia, mimicry, and demands for equity. Power struggles legitimize pay for particular jobs, and organizational inertia makes that pay seem natural. Mimicry encourages employers to do what peers are doing. And workers are on the lookout for practices that seem unfair. Rosenfeld shows us how these dynamics play out in real-world settings, drawing on cutting-edge economics, original survey data, and a journalistic eye for compelling stories and revealing details. At a time when unions and bargaining power are declining and inequality is rising, You’re Paid What You’re Worth is a crucial resource for understanding that most basic of social questions: Who gets what and why?

Designing an Effective Pay for Performance Compensation System

Cynthia H. Ferentinos,Neil A. G. McPhie
Designing an Effective Pay for Performance Compensation System Book PDF

Author : Cynthia H. Ferentinos,Neil A. G. McPhie
Publisher : Unknown
Page : 51 pages
File Size : 46,9 Mb
Release : 2006-07
Category : Electronic
ISBN : 1422305880

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Designing an Effective Pay for Performance Compensation System by Cynthia H. Ferentinos,Neil A. G. McPhie Pdf

Federal Government agencies are moving to better align pay with performance & create organizational cultures that emphasize performance rather than tenure. However, agencies must invest time, money, & effort in the design of their pay for performance compensation systems in order to succeed. To help agencies understand the critical prerequisites to success & key decision points, a review was conducted of professional & academic writings on the topic of pay for performance. This user-friendly guide summarizes the research findings. Contents: a summary of pay for performance; benefits & risks associated with pay for performance; pay for performance decision points; conclusions & recommendations; & bibliography. Illustrations.

Designing an Effective Pay for Performance Compensation System

United States. Merit Systems Protection Board
Designing an Effective Pay for Performance Compensation System Book PDF

Author : United States. Merit Systems Protection Board
Publisher : Unknown
Page : 64 pages
File Size : 47,7 Mb
Release : 2006
Category : Civil service reform
ISBN : UIUC:30112075657269

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Designing an Effective Pay for Performance Compensation System by United States. Merit Systems Protection Board Pdf

Of pay for performance -- Benefits and risks associated with pay for performance -- What are the goals of pay for performance? -- Who should be paid for performance? -- How should employees be rewarded? -- How should performance-based pay be funded? -- How can costs be managed? -- Who provides input to performance ratings? -- How can agencies facilitate pay system integrity?