Chapter 8. Total Rewards Management
Robert L. Heneman
Wendy K. Schutt
During the 20th century, a significant body of knowledge regarding reward systems was developed. Basic principles were established, such as the need to link pay to performance to increase productivity.[1] Research was conducted that clearly showed the positive impact of reward systems on employee and organizational performance.[2] New forms of reward systems such as variable and skill-based pay were created.[3] The importance of linking reward systems to business strategy to align the interests of employees and owners was emphasized.[4]
Much of this progress took place during unstable business periods such as the turmoil of World War I and II and the Great Depression. For example, ...
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