Background
Hofrichter, David Alan was born on July 10, 1948 in Lakewood, Ohio, United States. Son of David Christian and Virginia Amelia (Rickley) Hofrichter.
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book
People, Performance, & Pay: Dynamic Compensation for Changing Organizations
(Book by Flannery, Thomas P., Hofrichter, David A., Platte...)
Book by Flannery, Thomas P., Hofrichter, David A., Platten, Paul E.
http://www.amazon.com/gp/product/074323653X/?tag=2022091-20
People, Performance, and Pay: Dynamic Compensation for Changing Organizations
(In the rush to reengineer, implement TQM practices, form ...)
In the rush to reengineer, implement TQM practices, form teams, and embrace other popular business strategies, most organizations have overlooked a critical component of successful change: how they pay their employees. Even though their responsibilities and corporate environments have undergone radical changes, most employees are still paid in the same ways they were paid twenty-five years ago. Thousands of companies still dole out annual merit increases and determine pay levels on the basis of employees' knowledge, length of service, number of direct reports, and rank on the organizational ladder-- values whose relevance has faded in today's flatter, faster, more flexible business environment. Now The Hay Group, which for the past forty years has set the standard globally for effective pay strategies, has addressed this important issue-- and once again has rewritten the rules for pay. "People, Performance, and Pay" identifies today's four most common organizational work cultures-- functional, process, time-based, and network-- and explains how to align innovative pay policies with each. With examples from LEGO, Hallmark, Holiday Inn, and other leading organizations, the authors explain how to assess an organization's current culture and determine what its future culture should be. They then demonstrate pay's role in such change initiatives, and how compensation must be integrated with other human resource processes, such as selection, training, and performance management. They also discuss the full range of pay strategies available today and how they can be best used to move the organization forward; for example, they recommend decreasing an organization's emphasis on base pay as it shifts from a functional culture to a process, time-based, or network culture. They also offer guidance on establishing team rewards, especially important in process and team-based cultures, and make a compelling case for putting more pay at risk through variable pay strategies. Here also is strategic advice on competency-based pay, performance-based rewards such as gainsharing, executive pay, and benefits programs. As responsibility for compensation strategies and compensation decisions shifts away from the realm of the Human Resource Department, line managers and senior executives will find "People, Performance, and Pay" an invaluable reference for effectively using salary, incentives, and benefits to motivate and reward employees, improve quality, and increase productivity.
http://www.amazon.com/gp/product/0028740599/?tag=2022091-20
David Alan Hofrichter
Edit ProfileEducation
Bachelor, Baldwin-Wallace College, 1970. Master of Arts, Duquesne University, 1972, Doctor of Philosophy, 1976. Association, Hay Group, Incorporated., Pittsburgh, 1977-1978, principal, 1978-1980, director organization and manpower service, 1980-1981, general manager, Cincinnati, 1981, partner, general manager, 1983-1985, vice president, general manager, Cincinnati, 1985-1986, senior vice president, general manager, Chicago, 1986-1989, vice president, regional manager, 1989-1990, vice president, managing director, 1990-1994, vice president, managing director global account management and midwest operations, 1994-1998.
Senior vice president, managing director United States Business Development, 1998.
Member partners management committee Hay Group, Incorporated., 1990, also board directors. Board directors National Health Care Practice, Chicago, 1985.
Lecturer Hay Compensation Conferences Speaker Conference Board Fortune Magazine Conference, 1996.
Career
Associate Hay Group, Inc., Pittsburgh, 1977—1978, principal, 1978—1980, director organization and manpower service, 1980—1981, general manager Cincinnati, 1981—1989, partner, general manager, 1983—1985, vice president, general manager, 1985—1986, senior vice president, general manager Chicago, 1986—1989, vice president, regional manager, 1989—1990, vice president, managing director, 1990—1994, vice president, managing director global account management and midwest operations, 1994-1998. Senior vice president, managing director United States Business Development, 1998—1999, global managing director e-business, 1999. Partner in charge midwest consulting Pricewaterhouse Coopers, Chicago, 1999—2001, partner, national practice director, 2001—2002.
National practice director, principal Buck Consultant (a Mellon Consultant Company), 2002—2003. Managing director Mellon Finance Corporation, 2003—2005. Executive management team Mellon Human Resources & Instruction Section, since 2003.
Global managing director Buck Consultants American College of Surgeons, Inc., 2005—2007. Principal, executive compensation leader Hewitt Associates, since 2007. Partners management committee Hay Group, Inc., 1990, board directors, National Health Care Practice, Chicago, Vinings, Inc.
Member advisory board executive rewards board World at Work, 2006—2009. Lecturer Hay Compensation Conferences. Speaker Conference Board Fortune Magazine Conference, 1996.
Member national advisory board World @ Work, 2006—2009.
Achievements
Works
book
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People, Performance, and Pay: Dynamic Compensation for Changing Organizations
(In the rush to reengineer, implement TQM practices, form ...)
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People, Performance, & Pay: Dynamic Compensation for Changing Organizations
(Book by Flannery, Thomas P., Hofrichter, David A., Platte...)
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People, Performance, and Pay: Dynamic Compensation for Changing Organizations
Membership
Member American Psychological Association, American Society Consultant Management Engineers, Finance Planning Association for City Chicago, Pennsylvania Psychological Association, National Register Health Service Providers in Psychology, Chicago Executive Club, Ruth Lake Country Club (Hindsdale, Illinois, past president), Oak Brook (Illinois) Polo Club.
Interests
Connections
Married Carol Ann Rybak, May 15, 1971. Children: Kristin Annual, Matthew David.
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Born
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Nationality
American -
Religion
Roman Catholic -
Political Party
Republican
Education
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1970
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1972
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1976
Career
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1977 - 1978
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1978 - 1980
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1999 - 2001
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2002 - 2003
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2002 - 2003
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2003 - 2005
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2003
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2005 - 2007
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