Since successful organizational change is really about ongoing organizational adaptation
that is built on the employees continued support for and ownership of the new business
outcomes, failure to address the "what's in it for me?" (WIIFM) concern may seriously hamper any
improvement initiative. That, coupled with the results of the recent 2004 Job Satisfaction
survey conducted by the Society for Human Resource Management and CNNfn (the
financial network of the CNN News Group) which found that employees ranked
benefits and compensation as the two most important job satisfaction factors should lead
us to examine how compensation and reward plans can be used to generate employee
support for organizational improvement. In recent years, various government agencies
have experimented with different pay-for-performance plans targeted at a range of
employee groups. This paper discusses how Group Incentive Plans (in particular,
gainsharing/goalsharing) are a powerful method to unify employees around
achieving business outcomes that otherwise would not have been supported. Includes 13 references.
| Edition : | Vol. - No. |
| File Size : | 1
file
, 290 KB |
| Note : | This product is unavailable in Ukraine, Russia, Belarus |
| Number of Pages : | 9 |
| Published : | 06/01/2006 |
