Strategic Compensation: A Human Resource Management Approach / Edition 7

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The art and science of compensation practice.

Strategic Compensation: A Human Resource Management Approach illustrates the art and science of compensation practice and its role in promoting a company’s competitive advantage.

The seventh edition was thoroughly revised, and now includes current statistics and a new chapter offering the latest information to compensation professionals.

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Editorial Reviews

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.
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Product Details

  • ISBN-13: 9780132620758
  • Publisher: Prentice Hall
  • Publication date: 2/2/2012
  • Edition description: Older Edition
  • Edition number: 7
  • Pages: 408
  • Product dimensions: 8.10 (w) x 10.00 (h) x 0.80 (d)

Meet the Author

  • Ph.D. in Human Resource Management School of Labor and Industrial Relations, Michigan State University, 1989
  • Master of Labor and Industrial Relations, Michigan State University, 1986
  • Bachelor of Science in Organizational Behavior, Babson College, 1984

Research Interests

Martocchio's research interests focus on various human resource management issues, including employee training, compensation, and absenteeism. He is the author of numerous articles in such journals as Journal of Applied Psychology, Personnel Psychology, Academy of Management Journal, and the Industrial and Labor Relations Review. Martocchio received the Ernest J. McCormick Award for Distinguished Early Career Contributions from the Society for Industrial and Organizational Psychology. He also is a fellow of the Society as well as the American Psychological Association.

Martocchio is the editor of an annual research series titled Research in Personnel and Human Resources Management, published by Elsevier. The series publishes monograph length conceptual papers designed to promote theory and research on important substantive and methodological topics in the field of human resources management.


He is currently the Professional Development Workshop Chair of the Academy of Management Human Resource Division. He will assume additional leadership roles, culminating in the Chair of the HR Division.


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Table of Contents

Part I: Setting the Stage for Strategic Compensation

Chapter 1: Strategic Compensation: A Component of Human Resource Systems

Chapter 2: Contextual Influences on Compensation Practice

Part II: Bases for Pay

Chapter 3: Traditional Bases for Pay: Seniority and Merit

Chapter 4: Incentive Pay

Chapter 5: Person-Focused Pay

Part III: Designing Compensation Systems

Chapter 6: Building Internally Consistent Compensation Systems

Chapter 7: Building Market-Competitive Compensation Systems

Chapter 8: Building Pay Structures That Recognize Employee Contributions

Part IV: Employee Benefits

Chapter 9: Discretionary Benefits

Chapter 10: Employer-Sponsored Retirement Plans and Health Insurance Programs

Chapter 11: Legally Required Benefits

Part V: Compensation Challenges for Strategic Employee Groups

Chapter 12: Compensating Executives

Chapter 13: Compensating the Flexible Workforce: Contingent Employees and Flexible Work Schedules

Part VI: Compensation Issues Around the World

Chapter 14: Compensating Expatriates

Chapter 15: Pay and Benefits outside the United States


Chapter 16: Challenges Facing Compensation Professionals

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