Reward systems can help address an aging and shrinking workforce

Abstract

Employment Relations TodayVolume 26, Issue 3 p. 53-65 Features Reward systems can help address an aging and shrinking workforce Jerry McAdams, Jerry McAdams jerry_mcadams@watsonwyatt.com Jerry McAdams is national practice leader, reward and recognition systems, for Watson Wyatt Worldwide, located in St. Louis, Missouri. He is also the codirector of the nonprofit Consortium for Alternative Reward Strategy Research (CARS), a national data base for the study of alternative reward plans and their supportive human resource practices, and previously vice president of Maritz, Inc., St. Louis. He consults on the effective alignment of strategic objectives and compensation, reward, and recognition plans. Before joining Maritz in 1973, McAdams held a variety of positions at General Electric for 11 years, working in the U.S. and Europe. He has worked with the American Productivity and Quality Center since 1981. He is a member of the certification faculty of the American Compensation Association (ACA) on “Alternative Reward Strategies.” For the past several years, Jerry has been teaching a course in Europe, Latin America, and Australia on reward and recognition plans and improving customer service. He served as a member of the Reward Systems Committee of the White House Conference on Productivity in 1984. In November of 1994, he testified before the U.S. Congress, House of Representatives Committee, on organizational performance's link to rewards and possible tax code changes. He has spoken at association conferences and written articles on various aspects of reward and recognition systems. His book, The Reward Plan Advantage—A Manager's Guide to Improving Business Performance Through People, was published in 1996, recorded on Fast Track (business books on tape), and translated into Spanish.Search for more papers by this author Jerry McAdams, Jerry McAdams jerry_mcadams@watsonwyatt.com Jerry McAdams is national practice leader, reward and recognition systems, for Watson Wyatt Worldwide, located in St. Louis, Missouri. He is also the codirector of the nonprofit Consortium for Alternative Reward Strategy Research (CARS), a national data base for the study of alternative reward plans and their supportive human resource practices, and previously vice president of Maritz, Inc., St. Louis. He consults on the effective alignment of strategic objectives and compensation, reward, and recognition plans. Before joining Maritz in 1973, McAdams held a variety of positions at General Electric for 11 years, working in the U.S. and Europe. He has worked with the American Productivity and Quality Center since 1981. He is a member of the certification faculty of the American Compensation Association (ACA) on “Alternative Reward Strategies.” For the past several years, Jerry has been teaching a course in Europe, Latin America, and Australia on reward and recognition plans and improving customer service. He served as a member of the Reward Systems Committee of the White House Conference on Productivity in 1984. In November of 1994, he testified before the U.S. Congress, House of Representatives Committee, on organizational performance's link to rewards and possible tax code changes. He has spoken at association conferences and written articles on various aspects of reward and recognition systems. His book, The Reward Plan Advantage—A Manager's Guide to Improving Business Performance Through People, was published in 1996, recorded on Fast Track (business books on tape), and translated into Spanish.Search for more papers by this author First published: 16 January 2007 https://doi.org/10.1002/ert.3910260306 AboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onFacebookTwitterLinked InRedditWechat Volume26, Issue3Autumn (Fall) 1999Pages 53-65 RelatedInformation