Managing Compensation (and Understanding It Too): A Handbook for the Perplexed / Edition 1

by Donald L. Caruth, Gail D. Handlogten

Overview

This text is a lively, well-written, and carefully illustrated guide to the mysteries and mystique of how people are compensated for their efforts in all types of organizations. With clear discussions of what works, what doesn't, and why, this intensely practical handbook it covers such topics as job evaluation; job pricing; employee benefit programs; pay for performance; and the compensation of executives, sales personnel, and international employees. Executives and managers with no special training in pay determination and management will find it an easily accessible handbook that not only makes clear how compensation systems are conceived and developed but most importantly, how they are implemented and administrated. Its logical presentation and full coverage makes the book valuable as a text for upper-level college students as well as a solid instructional resource for teachers.

The authors open with an overview of compensation and its role in organizations and then move to the legal environment in which compensation is embedded and the laws that govern it. They describe current and traditional views of motivation and elucidate the importance of job analysis and its end products—job description and job specification. The role of compensation surveys and their use in assigning monetary rates to jobs are discussed. A topic of special interest to executives in New Economy organizations will be the purpose and importance of benefits, particularly indirect monetary compensation, stock options, and other pay for performance incentives. Caruth and Handlogten address the challange of compensating teams and pay special attention to the, often unique, problem of compensating uppermost management, sales people, and employees abroad. The text concludes with practical suggestions for the on-going maintenance and management of compensation systems and how to adapt them to changing organizational circumstances.

Product Details

ISBN-13:	9781567203806
Publisher:	Bloomsbury Academic
Publication date:	02/28/2001
Edition description:	New Edition
Pages:	280
Sales rank:	762,112
Product dimensions:	6.20(w) x 9.10(h) x 1.00(d)
Lexile:	1390L (what's this?)

About the Author

DONALD L. CARUTH holds a doctorate degree in management and has consulted on human resource matters, particularly pay and other forms of compensation, for more than 30 years. He is also Professor of Management at Amberton University, author of numerous books and articles, and co-author of Staffing the Contemporary Organization (Quorum, 1997).

GAIL D. HANDLOGTEN is a human resource management consultant. With an advanced degree in human resources and training, she is a certified mediator and arbitrator and author or coauthor of more than 30 articles and books.

Table of Contents

Preface
An Overview of Compensation Management
The Legal Framework
Motivation and Compensation
Job Analysis
Job Evaluation: Non-Quantitative Techniques
Job Evaluation: Quantitative Techniques
Compensation Surveys
Job Pricing
Indirect Monetary Compensation: The Role of Benefits
Incentives: Pay for Performance
Performance Appraisal Systems
Compensation of Special Groups
Compensation Administration
Selected Bibliography
Compensation Websites
Index

Editorial Reviews

In a treatment intentionally more practical than theoretical of the total reward package offered by an organization to its employees, consultants in the field discuss the framework, issues, and steps involved in developing and managing dynamic compensation systems in general and for special groups (executives, sales personnel, and international employees). They cover job evaluation (qualitative and quantitative) and compensation surveys as means to determine the worth of a job. Includes supporting checklists, tables, and figures, and a lightly annotated list of compensation-related Web sites. Caruth teaches management at Amber U. Annotation c. Book News, Inc., Portland, OR (booknews.com)

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