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Full Description
This best selling title takes a three-pronged approach to compensation by focusing on theory, research, and practice. Compensation emphasizes the importance of total compensation and its relevance for achieving sustainable competitive advantage. The author's goal is to translate the theory and evidence into guidance for improving the management of pay.
Contents
Part One: Introducing the Pay Model and Pay Strategy
1. The Pay Model
2. Strategy: The Totality of Decisions
Part Two: Internal Alignment: Determining the Structure
3. Defining Internal Alignment
4. Job Analysis
5. Job-Based Structures and Job Evaluation
6. Person-Based Structures
Part Three: External Competitiveness: Determining the Pay Level
7. Defining Competitiveness
Appendix 7-A: Utility Analysis
8. Designing Pay Levels, Mix, and Pay Structures
Part Four: Employee Contributions: Determining Individual Pay
9. Pay-for-Performance: Theory and Evidence
10. Pay-for-Performance: Types of Plans
11. Performance Appraisals
Appendix 11-A: Balanced Scorecard Example: Department of Energy (Federal Personal Property Management Program)
Appendix 11-B: Sample Appraisal Form for Leadership Dimension: Pfizer Pharmaceutical
Part Five: Employee Benefits
12. The Benefit Determination Process
13. Benefit Options
Part Six: Extending the System
14. Compensation of Special Groups: Executives and Others
15. Union Role in Wage and Salary Administration
16. International Pay Systems
Part Seven: Managing the System
17. Government and Legal Issues in Compensation
18. Management: Making It Work
21. Mergers, Acquisitions, and Corporate Control
22. International Financial Management
23. Options
24. Risk Management
Part Eight: Conclusion
25. What We Do and Do Not Know about Finance
Appendix A: Present Value and Future Value Table
