Examines the organizational implications of innovative reward
structures, with particular reference to gainsharing. Focuses on
exploring beyond the impact of compensation on productivity and
profitability, which are essential considerations in designing a
compensation scheme. Explores the connection between compensation and
organizational development – the ways in which incentives and rewards
contribute to improved utilization of human resources and capabilities
within organizations. Assesses the relationship between gainsharing and
organizational development, with particular attention to features such
as work design, employment relationships, structure, culture and
workplace attitudes and behaviour. Rounds off the discussion with a
look at several examples of firms which have introduced innovative
compensation schemes, to determine what lessons can be drawn from their
experiences. Concludes with an assessment of the strategic calculations
that should inform decisions about introducing innovative compensation
schemes, especially gainsharing.