Incentive Compensation and Employee Ownership

This book takes a broad look at how to use incentives, ranging from stock options to cash bonuses to gainsharing, to motivate and reward employees in dynamic companies that seek to create a more productive "ownership" culture. Using both technical discussions and case studies, it explores incentives both as self-sufficient tools and as complements to retirement-oriented plans such as employee stock ownership plans (ESOPs). Specific topics covered by individual chapters include stock incentives in entrepreneurial growth companies, how incentives fit into the "Great Game of Business," communicating short-term incentives to employees, performance-based stock options, gainsharing and the Scanlon plan, a new type of phantom equity plan, the incentive programs at employee-owned Science Applications International Corporation (SAIC), how to correctly design a cash incentive program, and more.

Jerry McAdams is national practice leader, Reward and Recognition Systems, for Watson Wyatt Worldwide. Cathy Ivancic is a consultant for BCI edu.com. Jack Stack is president of SRC Holdings Corporation. Peggy Walkush works in employee owner relations at Science Applications International Corporation (SAIC). Arthur S. Meyers is a stockholder in the Boston, Massachusetts, law firm of Hutchins, Wheeler and Dittmar, where he chairs the firm's ERISA and compensation practice. Corey Rosen is the executive director of the National Center for Employee Ownership. Helen Morrison is a partner and Joseph Adams is a senior manager in the Chicago office of Deloitte & Touche. Fred E. Whittlesey is the compensation director at Amazon.com. Paul Davis is president of Scanlon Plan Associates. William H. Scott is a radiation physicist and assistant vice president at Science Applications International Corporation (SAIC) and also serves as SAIC's Participation Advocate to improve employee involvement. Darryl Orr is the chief operations officer at Smith & Company. Bill Nicholson is a CPA active in the ESOP community. Neil N. Koenig, Ph.D., owns Leadership R&D, a management consulting firm. The editor, Scott S. Rodrick, is the director of publications and information technology at the National Center for Employee Ownership.