Crafting a Good Reward and Compensation System

Currently vice president of human resources at WhaleShark Media, Jeff J. Quade earned a bachelor’s degree in industrial psychology from the University of Wisconsin and a master’s degree in industrial and organizational psychology from Western Kentucky University. With more than 20 years of work experience, Jeff Quade has gained expertise in crafting and implementing relevant and effective human resource functions. One function Jeffrey J. Quade finds key to the human resources process is a well-thought-out compensation and reward system.

Although two major components of a compensation and reward system, compensation and benefits, are important, they are not the only factors to consider when creating the system. Rewarding behavior and achievements with recognition and appreciation can be extremely beneficial for both the employee and the business as a whole. Recognition and appreciation can be as simple as stopping by the employee’s desk and sharing a quick word of thanks or encouragement, or it can be as involved as giving an award to the employee in front of his or her peers. With all four elements in mind—compensation, benefits, recognition, and appreciation—executives can build a solid and rewarding system for their businesses.

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About jeffquade

Human resources expert Jeff Quade possesses over 20 years of international executive experience. Working closely with the CEO of LGE Execs as an Organizational Effectiveness Practice Leader, Jeff Quade was instrumental in helping clients increase their effectiveness through organizational restructuring. LGE (Leadership-Growth-Excellence)’s Organization Effectiveness Practice concentrates its efforts in four disciplines: human resources function excellence, senior team effectiveness, change of leadership facilitation, and mergers and acquisitions. The company effects international change from Europe, Asia, and the United States. Throughout his career, Jeffrey Quade has played a vital role in the acquisition of various companies in the diverse areas of business ranging from corporations worth over $700 million dollars to smaller, start-up organizations. He helped a company grow over 25 percent while revamping another’s organizational culture, doubling its earnings. While based in Austin, Texas, Mr. Quade worked in executive leadership positions for Dell Inc., GE Industrial Systems, NetSolve, Inc., Cornerstone Healthcare Group, and HealthTronics, Inc. As Vice President of Human Resources at NetSolve, Jeff Quade paved the way for the company’s acquisition by Cisco Systems, Inc. He also spent time in Durham, North Carolina, in the upper echelons of management for Bell & Howell. Drawing upon the skills he obtained as an entrepreneur and executive with Fortune 500 companies, Jeff Quade assists organizations undergoing high levels of change to survive not only intact, but stronger for it. Recognizing that a multi-generational personnel roster is crucial to a productive workplace, he is involved with many organizations that deal with the issues of human resources. Jeffrey Quade’s experience in helping others prepare for acquisition smoothly and seamlessly has benefited many corporations throughout his career. Jeff Quade possesses the ability to recognize and comprehend the small, important details of a company while examining its processes, technologies, and people. Jeff Quade earned his Master’s degree in Industrial and Organizational Psychology at Western Kentucky University and his Bachelor’s degree in Industrial Psychology at the University of Wisconsin. His specialties include cost containment, succession planning and retention, as well as executive recruitment and staffing.
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