Compensation and Motivation: Maximising Employee Performance with Behaviour-based Incentive Plans

Forward-thinking companies have realized that compensation is not a financial cost but rather a powerful tool that can boost performance and profits at all levels of the organization. Linking psychology and pay is both an art and a science, and Compensation and Motivation is the first complete guide to this cutting-edge approach.
For more than thirty years, author Thomas J. McCoy has improved the performance of organizations through improving the performance of their employees. In these pages, he spells out the details of his innovative Behavior-Based Incentive Compensation system (BBIC). You'll learn why you should replace typical bonus and commission arrangements (which usually apply only to executives and sales personnel) with performance-oriented, self-funding plans that truly empower every employee. And, step by step, you'll learn how to identify your organization's needs; choose the best behavioral and compensation elements to address those needs; combine those elements into an incentive plan that will maximize performance and provide the best return for your compensation dollar and your management efforts; manage the sometimes difficult transition from fixed to variable compensation; balance the use of cash and noncash options; link incentive compensation with teamwork and quality improvement initiatives for synergistic results; and measure your progress (using the Total Effectiveness Rating Model).
GTE, Frito Lay, Xerox, Coming, and Vista Chemical are just a few of the corporations that have adopted the BBIC system as an attractive alternative to traditional compensation practices. This book includes candid accounts of their experiences--information and insights gleaned from McCoy's personal interviews--that will help you translate theory into practice as you design and implement your own new compensation plan.
Compensation and Motivation shows how to apply the proven techniques of behaviorists such as Herzberg, Maslow, and Skinner without taking your eye off the bottom line. Use this pioneering yet practical handbook to make psychological and financial rewards work together at your company--perhaps for the first time.

With a strong foundation in social science and behavioral psychology, this book will show you how to develop incentive plans that work!

Thomas McCoy is the President of the Employee Engagement Institute, a training and consulting firm that helps clients to maximize profit by tuning their companies to perform at full potential.

 

Since the release of his groundbreaking book "Compensationand Motivation" in 1993, he has been a thought leader on the topic of organizational culture and the use of compensation and employee engagement to improve performance and profit. 

 

He has over 35 years experience developing high-involvement, high-performance cultures for over 200 companies in the United States, Europe and South America. 

 

He developed and taught a two-day seminar on "How To Develop a High Performance Culture" at George Washington University. He has been featured in the Wall Street Journal, quoted in Newsweek, and nominated for SHRM's Michael J. Losey award for his work in the field of Human Resources.

 

Mr. McCoy is a member of MENSA. He holds a Lean/Six Sigma certificate from Villanova University, a coaching certification from the Johnston Institute, and is a graduate of the University of Minnesota. He is avolunteer board member for Support KC, a non-profit that provides business disciplines that help other non-profit organizations achieve their mission.

He and his wife Cathy are parents of two young men.