This text provides knowledge of the art and science of compensation practice and its role in promoting companies’ competitive advantage.
Strategic Compensation: A Component of Human Resource Systems; Contextual Influences on Compensation Practice; Traditional Bases for Pay: Seniority and Merit; Incentive Pay; Person-Focused Pay; Building Internally Consistent Compensation Systems; Building Market-Competitive Compensation Systems; Building Pay Structures That Recognize Employee Contributions; Discretionary Benefits; Employer-Sponsored Retirement Plans and Health Insurance Programs; Legally Required Benefits; Compensating Executives; Compensating the Flexible Workforce: Contingent Employees and Flexible Work Schedules; Compensating Expatriates; Pay and Benefits Outside the United States
For managers and HR professionals interested in understanding compensation practice and strategy.
A text for undergraduate and graduate business students, including those in community colleges, addressing traditional aspects of compensation, such as job analysis and pay structure, as well as recent topics including knowledge-based pay and executive compensation. Contains sections on the context of compensation practice, bases for pay, designing compensation systems, employee benefits, and contemporary strategic compensation challenges. Includes chapter objectives, summaries, key terms, discussion questions, and exercises, with answers on a Web site. Annotation c. by Book News, Inc., Portland, Or.