TO UNDERSTAND how to manage compensation in organizations, we must understand the essential nature of organizations: what organization means and how success should be defined.
First, the people in organizations are interdependent.
Bond traders cannot exercise their skills unless there is an effective information-technology system that supports their work. They also rely on researchers who analyze patterns of previous trades. They rely on administrative staff who ensure that their trades are properly documented, on interns who bring them coffee to restore their flagging attention and on janitors who keep their workplaces from being overwhelmed by paper, old sandwich plates and dirty coffee cups.
Martin G. Evans: Companies and the ?triple bottom line? | Contributors | projo.com | The Providence Journal
Shared via AddThis