Strategic Compensation: A Human Resource Management Approach / Edition 5

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The purpose of this book is to provide knowledge of the art of compensation practice and its role in promoting companies' competitive advantage. Students will be best prepared to assume the roles of competent compensation professionals when they possess a grounded understanding of compensation practices and the environments in which business professionals plan, implement, and evaluate compensation systems.
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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: 9780136007449
  • Publisher: Prentice Hall
  • Publication date: 3/28/2008
  • Series: Alternative eText Formats Series
  • Edition description: Older Edition
  • Edition number: 5
  • Pages: 480
  • Product dimensions: 7.99 (w) x 9.99 (h) x 0.90 (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

Ch. 1 Strategic compensation : a component of human resource systems 1
Ch. 2 Strategic compensation in action : strategic analysis and contextual factors 34
Ch. 3 Contextual influences on compensation practice 67
Ch. 4 Traditional bases for pay : seniority and merit 98
Ch. 5 Incentive pay 135
Ch. 6 Person-focused pay 173
Ch. 7 Building internally consistent compensation systems 200
Ch. 8 Building market-competitive compensation systems 243
Ch. 9 Building pay structures that recognize individual contributions 280
Ch. 10 Legally required benefits 325
Ch. 11 Discretionary benefits 345
Ch. 12 International compensation 385
Ch. 13 Compensating executives 415
Ch. 14 Compensating the flexible workforce : contingent employees and flexible work schedules 446
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