The SZA Total Rewards Bulletin

July 2008

Issue No. 5

Welcome to the July 2008 issue of The SZA Total Rewards Bulletin. This periodic newsletter from Schuster-Zingheim and Associates, Inc., addresses current topics in pay and rewards. In this issue...

Pay & Reward Articles:

Allocating Pay Dollars to Recognize Excellence
Organizations are challenged to effectively distribute scarce pay dollars. Do you spread what money you have around evenly or make some “tough calls” about pay? What is the business case for making decisions that allocate pay dollars consistent with the message, “top performers wanted here”? We briefly discuss this issue and provide some possible solutions and strategies...read the article

Performance Management "Challenging Times" Style
A CEO said, “We most need to recognize superior performance during difficult business times.” What priorities must be addressed for the rest of 2008 and probably into 2009 as well? This brief article summarizes some time-tested solutions that will pay off when the best performers you have need to be engaged to help the organization succeed...read the article

Pay for Skills Is Inevitable...Or Is It?
SZA is studying a wide range of organizational groupings, including public sector, privately held companies, and fast-growth companies in the Western U.S., focusing on employee skill and competency. (See our article and study of the first study group, top U.S. hospitals, on Schuster-Zingheim and Associates, Inc.’s website, "Workforce Retention and Pay and Reward Practices in America’s Best Hospitals"). This article addresses the issue of paying for skills and gives some perspectives on what the present, and the future, may hold...read the article

In this issue:

Pay & Reward Artcles:

Allocating Pay Dollars to Recognize Excellence

Performance Management "Challenging Times" Style

Pay for Skills Is Inevitable...Or Is It?

Come see us!

Creating the High-Performance Public Sector Organization through Pay and Rewards
Pat Zingheim and Jay Schuster
Wed., Aug. 7, 2008, 1:00 - 2:30 pm ET
Webinar
Sponsored by International Public Management Association for Human Resources (IPMA-HR)

Designing Employee Incentive Plans That Work
Jay Schuster and Pat Zingheim
Mon., Sept. 15, 2008, 1:20 - 2:35 pm
Oakland, CA
HR West 24th Annual Conference
Sponsored by Northern California Human Resources Association (NCHRA)

Engaging Talent While Managing Pay Costs
Pat Zingheim and Jay Schuster
Tues., Oct. 7, 2008, 10:30 - 11:30 am
Long Beach, CA
51st Annual PIHRA Conference & Exhibition
Sponsored by Professionals in Human Resources Association (PIHRA)

Other speeches...

ABOUT US: Jay Schuster and Pat Zingheim are partners in Schuster-Zingheim and Associates, Inc., a globally recognized pay and rewards consulting firm located in Los Angeles and founded in 1985. They received the 2006 Keystone Award from WorldatWork, the Association’s highest honor, for their contributions to the total rewards profession’s body of knowledge. They consult with a wide range of companies throughout the world on the development of total reward strategies, incentives, base pay structures and increase methodologies, performance management, executive compensation, sales compensation, recognition, and other pay solutions. They are authors of three books: High-Performance Pay: Fast Forward to Business Success (WorldatWork, 2007); the best-selling rewards book Pay People Right! Breakthrough Reward Strategies to Create Great Companies (Jossey-Bass, 2000); and the all-time best-selling book on workforce pay, The New Pay: Linking Employee and Organizational Performance (Jossey-Bass Publishers, 1996). They are authors of numerous articles in business magazines on the subjects of rewards and organizational effectiveness. Both are contributors to publications such as Fortune, Across the Board, Wall Street Journal, Working Woman, and Business Week. They have appeared on many television, cable, and radio programs including CNBC, CNNfn, NBC, and CBS. They speak throughout the world to leadership audiences interested in creating a high-performance workplace through people. Pat and Jay were selected as pay and motivation gurus in The Guru Guide.

Buy a copy of our latest book, High-Performance Pay: Fast Forward to Business Success From WorldatWork click here

Buy a copy of our best-selling pay book, Pay People Right! Breakthrough Reward Strategies to Create Great Companies Click here

The SZA Total Rewards Bulletin will be sent to you periodically--or you can read it on our website at www.Schuster-Zingheim.com or www.PayPeopleRight.com.

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SCHUSTER-ZINGHEIM

and associates, inc.

1541 Bel Air Road, Los Angeles, California 90077-3021 USA * PHONE 310-471-4865 * FAX 310-471-4859
E-MAIL: contact@Schuster-Zingheim.com * WEB SITE: www.Schuster-Zingheim.com or www.PayPeopleRight.com