The Compensation Handbook: A State-of-the-Art Guide to Compensation Strategy and Design / Edition 5

The Compensation Handbook: A State-of-the-Art Guide to Compensation Strategy and Design / Edition 5

by Lance A. Berger, Dorothy R. Berger
     
 

ISBN-10: 0071496750

ISBN-13: 9780071496759

Pub. Date: 06/13/2008

Publisher: McGraw-Hill Professional Publishing

The Perennial Favorite of HR Professionals Seeking the Most Current, Insightful Reference in the Field

For over thirty-five years, human resources and management professionals have been turning to a single source for the most astute and up-to-date commentary about the state of the industry-The Compensation Handbook. Composed of one-hundred

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Overview

The Perennial Favorite of HR Professionals Seeking the Most Current, Insightful Reference in the Field

For over thirty-five years, human resources and management professionals have been turning to a single source for the most astute and up-to-date commentary about the state of the industry-The Compensation Handbook. Composed of one-hundred percent brand-new material from more than sixty authorities in the field, this fully updated edition provides direct insight into the most critical issues compensation and human resources professionals face today.

Among the many human-capital topics covered are new reward strategies for attracting and retaining highly qualified employees from America's fast-draining talent pool; addressing the mass retirement of baby boomers-the decade's most vexing HR problem; and responding to the varying needs and desires of a multicultural, multi-generational workforce ranging from the over-sixty traditionalists to the new “Millennials.” The Compensation Handbook illustrates how employee compensation addresses these and many other critical topics, including:

  • Unwrapping the riddle of employee pay
  • Creating a total reward strategy
  • Effectively using competency based pay
  • Utilizing the most effective approaches to broadbanding
  • Applying the best performance management practices
  • Demystifying CEO pay
  • Creating team-based incentives for strong outcomes
  • Rationalizing board compensation
  • Applying a solid program for addressing work-life issues
  • Designing compensation systems that support talent management strategies

Never before has such dramatic changes in the workforce occurred as rapidly as they are today. With economies stretching around the globe and the recent rise of foreign financial giants, among numerous other radical changes in business and industry, those in the field of human resources and compensation are faced with an entirely new catalog of concerns. This long-time industry staple contains all the methods, tools, and diagnostics you'll need to navigate the maze.

Packed with the most comprehensive and insightful information you'll find anywhere, The Compensation Handbook offers not only straightforward answers to specific problems, but also provides a firm foundation for solving issues unique to your company.

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Product Details

ISBN-13:
9780071496759
Publisher:
McGraw-Hill Professional Publishing
Publication date:
06/13/2008
Series:
Compensation Handbook Series
Pages:
656
Product dimensions:
7.50(w) x 9.30(h) x 2.10(d)

Table of Contents

Preface
Contributors
Pt. 1Introduction
1The Role of Compensation in Corporate Transformation3
2Millennium Compensation Trends17
3The Evolution of Compensation Practices27
Pt. 2Base Compensation
4Compensation: An Overview41
5Job Analysis and Job Documentation55
6Methods of Job Evaluation79
7Compensation Surveys91
8Retrieving, Manipulating, and Analyzing Compensation Data109
9Developing Competitive Compensation Programs117
10The Development of Salary Structures129
11Pay for Skills, Knowledge, and Competencies143
12Relating Competencies to Pay: A Desirable or a Dangerous Practice?157
13Budgeting, Auditing, and Controls Systems for Salary Administration173
14Computers and Compensation Administration183
15Using Information Technology for Salary Budgeting and Planning189
Pt. 3Variable Compensation
16Variable Pay: An Overview199
17Variable Pay: New Perspectives209
18Improshare: Sharing Productivity Gains with Employees217
19Gain Sharing: Sharing Improved Performance227
20Nonmonetary Rewards: Cash Equivalents and Tangible Awards241
21Team-Based Pay261
22Optimizing Team-Based Incentives275
23Increasing Sales Force Effectiveness through Compensation291
24The Role of Competencies in Sales Force Success313
Pt. 4Executive Compensation
25Executive Compensation Strategy327
26Designing and Implementing Total Executive Compensation Programs339
27Annual Incentive Plans for Management349
28Long-Term Incentives357
29Executive Compensation Systems: Drivers or Results from Strategic Choices?373
30Employment Agreements391
31The Changing Landscape of Board Remuneration401
Pt. 5Performance and Compensation
32Performance Measures: An Overview421
33Performance Management429
34Measuring the Hard Stuff: Teams and Other Hard-to-Measure Work443
35Changing Measures for Changing Times467
36Performance-Based Rewards: What Are the Best Practices?481
37Measuring and Assessing Top Executive Performance495
38Merit Pay and Performance Appraisal509
Pt. 6Corporate Culture and Compensation
39Culture and Compensation531
40Passing the Baton: Connecting Compensation, Behaviors, Culture, and Strategy to Win541
41Rewarding Scarce Talent551
42Gaining a Competitive Edge by Improving the Return on Human Capital567
43The Role of Work-Life Benefits in the Total Pay Strategy587
Pt. 7International Compensation
44Establishing Global Compensation Strategies603
45Expatriate Compensation Practices609
46Global Local National Compensation Practices621
Index633

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