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Full Description
Strategic Compensation demonstrates the art and science of compensation practice and its role in a company's competitive advantage. It focuses on compensation context, criteria, design and challenges along with employee benefits at home and around the world. Through targeted activities and supporting course material, you'll build a solid foundation in the subject.
The 11th Edition features evolving compensation practices, statistics and business professionals' perspectives. You'll gain the knowledge and skills needed to become a successful compensation professional in the field.
Contents
PART 1: SETTING THE STAGE FOR STRATEGIC COMPENSATION
Strategic Compensation: A Component of Human Resource Systems
Contextual Influences on Compensation Practice
PART 2: BASES FOR PAY
Traditional Bases for Pay: Seniority and Merit
Incentive Pay
Person-Focused Pay
PART 3: DESIGNING COMPENSATION SYSTEMS
Building Internally Consistent Compensation Systems
Building Market-Competitive Compensation Systems
Building Pay Structures that Recognize Employee Contributions
PART 4: EMPLOYEE BENEFITS
Discretionary Benefits
Legally Required Benefits
PART 5: CONTEMPORARY STRATEGIC COMPENSATION CHALLENGES
Compensating Executives
Contingent Workers, Remote Work and Flexible Work Schedule Arrangements
PART 6: COMPENSATION ISSUES AROUND THE WORLD
Compensating Expatriates
Pay and Benefits outside the United States