Recognition of jobs well done and pay for performance are givens for companies that want to recruit, develop, and retain the kind of employees who grow the business and profits. But not all systems of tying together feedback, recognition, and pay are created equal. And organizations won’t maximize their return on these investments unless they successfully integrate the underlying processes and structures, hence rearchitecting pay.
In this how-to guide, you will learn:
- Why old pay-for-performance solutions no longer cut it
- How crowdsourced pay has greater motivational effects
- The difference between points and cash