March 25th Meeting of the Creativity Consortium, Toronto
Topic: Organizational reward and compensation systems that foster
creativity & innovation.
A research update from MacMaster University, Parbudyal Singh
( Ph.D. candidate) and Prof. Naresh C. Agarwal ( Ph.D.).
Presented by Parabudyal Singh, who is a Ph.D. student at MacMaster's
Michael G. DeGroote School of Business. His publications include articles
in such journals as Comparative Labour Law Journal, The Canadian Labour
and Employment Law Journal, Human Resources Management in Canada,
and the International Journal of Technology Management. Parabudyal has
considerable academic, practical and consulting experience. He has also
served as a Personnel and Industrial Relations Manager in a large unionized
food manufacturing firm.
This month's Creativity Consortium talk will focus on the theory and
research evidence exploring the various "new" reward and compensation
policies and practices that organizations adopt in a conscious effort to
foster creativity and innovation. Our presenter will first examine the
deficiencies of traditional reward systems in the contemporary business
environment and emphasize the need for change. Some of the new reward
systems that will be examined include: incentive pay, profit-sharing,
gain-sharing, recognition programs, ESOP's and skill-, competency-,
and knowledge-based plans.
Theoretical explanations as to why these reward systems are working
will be offered. Finally, a step-by-step strategic reward system,
that many successful firms are adopting, will be presented.
The hands-on workshop will align our generic reward structure elements,
with the corresponding elements of our generic model of the knowledge
worker, which was developed last month at the February meeting of the
Creativity Consortium.
Date: Wednesday March 25th, 1998;
6:15 PM -7:15 PM-Registration, networking and cocktails, cash bar
7:15 PM to 8:00 PM Presentation
8:15 PM Hands-on Workshop
9:15 PM Wrap-up and conclusions
(Handouts and workshop material provided)
Location: Ontario Club, 5th Floor Commerce Court South, on the North/East
corner of Bay and Wellington. Toronto, Parking underground. Cash bar.
Finger food and hors d'ouvers included. Dress Code: Jacket and tie for men.
Cost: $40 for guests, and $30 for members, $20 for full-time students.
Annual membership $65
Send payment to: The Creativity Consortium c/o Brain Space, 116 Galley Ave,
Toronto, Ontario, Canada, M6R 1H1. prior to Friday, March 20th.
Reservations and cancellations accepted till Friday March 20th.
If you reserve and don't cancel you will be invoiced.
R.S.V.P. by calling the Creativity Consortium at (416) 588-1122
6 month schedule Creativity Consortium-the club for lateral thinkers
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The Creativity Consortium monthly meetings are held on the last
Wednesday of each month. Book in your calendars now !
Jan 28-Annual review of innovation and cognitive science research-Walter
Derzko
Feb 19 (ODN meeting) Managing Information stress and anxiety-Walter Derzko
Feb.25-Panel on the Knowledge Worker-Ernst and Young, York Univ and Royal
Bank panel
Mar.25-Reward and Compensation systems that promote innovation- Parbudyl
Singh, McMaster Univ
Apr.29-Mining Ideas-Setting up Environmental Scanning systems Walter Derzko
and panel
May 27-Software Review-Knowledge-enabling, computer-aided creativity and
innovation software showcase
Jun 30, Selling and Championing your ideas
One Day Forum on Knowledge Management (Jan 20, 1998)
One Day Forum on Sense-making in Organizations (TBD, later in 1998)
Media call Walter Derzko at (416) 588-1122
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Walter Derzko
Director Brain Space
(formerly the Idea Lab at
the Design Exchange)
Toronto
(416) 588-1122
wderzko@pathcom.com