Editor's Note: I am particularly proud to feature today's guest post, which comes to us courtesy of Jay R. Schuster and Patricia K. Zingheim, the winners of the prestigious WorldatWork Keystone Award.
The best way to provide good and secure employment is by being a financially successful company. It is not really about whether working at home makes sense, it is about having an attitude toward pay and reward design that permits change when necessary to help your business. Yahoo’s CEO believes that people should all be physically at work to innovate and collaborate, so that is what she decided to require. Who cares if it is "competitive" or ”best practice” compared to what other companies do?
Over the last five years we interviewed CEOs and other non-HR executives in more than 150 companies. (Much of this research is published in the WorldatWork Journal.) CEOs want pay and reward programs that are “adaptable and business friendly.” They want total reward pros to provide programs that align people with business goals; they really don’t care about being a “best place to work” unless it helps make the business a success. If our profession ever hopes to get that seat at the table we talk about all the time, we need to put business first so that organizations and the people in them share a commitment to performance.
Many in our profession are skittering on the slippery slope of copying the practices of others. We have become far too dependent on what surveys tell us and what other organizations do. We need to look for a new North. The future of our profession lies in utilizing pay and reward programs that link our workforce to the real business goals of our organizations. Let us focus on the solutions that will make our own organizations successful and shift to a “best business practice for us” state of mind.
Jay R. Schuster, Ph.D. and Patricia K. Zingheim, Ph.D., are partners in Schuster-Zingheim and Associates, Inc., a compensation and total rewards consulting firm founded in 1985. They are authors of three books and numerous articles and are recipients of the Keystone Award, WorldatWork’s highest honor in the compensation, benefits and total rewards profession for their contributions to the body of knowledge. Their website is www.PayPeopleRight.com.
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