The Sin of Wages

Book excerpt: Informative & thought-provoking examination of today's conventional pay system & the problems it creates within organizations. Discusses in detail the seven Sins of Wages: Fixed-expense pay, paying for time, corporate socialism, performance-based promotions, management by exception, management by perception, & entitlement thinking. Provides alternatives to these problems that will allow an organization to reward high contribution employees for their performance, link organizational objectives to specific job positions & use these measures as a management tool for feedback, develop an alternative to the annual (an usually subjective) review process, & convert part of our compensation from a fixed to a profit-indexed expense that would have a direct relationship with the way the business cycle goes. Written by William Abernathy, Ph.D., a leading authority on performance management & incentive pay systems. Order from: PerfSys Press, Abernathy & Assoc., 665 Oakleaf Office Lane, Memphis, TN 38117. 901-763-2122.