As the market-leading text in its course area, COMPENSATION, 9th Edition by Milkovich and Newman offers current research material, in-depth discussion of topics, integration of Internet coverage, excellent pedagogy, and a truly engaging writing style. The 9th edition continues to examine the strategic choices in managing total compensation. The total compensation model introduced in chapter one serves as an integrating framework throughout the book. The authors discuss major compensation issues in the context of current theory, research, and real-business practices. Milkovich and Newman strive to differentiate beliefs and opinions from facts and scholarly research. They illustrate new developments in compensation practices as well as established approaches to compensation decisions.
1. The Pay Model 2. Strategic Perspectives Part 1 Internal Alignment: Determining the Structure 3. Defining Internal Alignment 4. Job Analysis 5. Evaluating Work: Job Evaluation 6. Person-Based Structures Part 2 External Competitiveness: Determining the Pay Level 7. Defining Competitiveness 8. Designing Pay Levels, Mix, and Pay Structures Part 3 Employee Contributions: Determining Individual Pay 9. Pay for Performance: The Evidence 10. Pay for Performance Plans 11. Performance Appraisals Part 4 Employee Benefits 12. The Benefits Determination Process 13. Benefit Options Part 5 Extending the System 14. Compensation of Special Groups 15. Union Role in Wage and Salary Administration 16. International Pay Systems Part 6 Managing the System 17. Government and Legal Issues in Compensation 18. Budgets and Administration