Compensation Handbook A State-of-the-Art Guide to Compensation Strategy and Design

ISBN-10: 0071496750

ISBN-13: 9780071496759

Edition: 5th 2009

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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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Book details

List price: $99.95
Edition: 5th
Copyright year: 2009
Publisher: McGraw-Hill Companies, The
Publication date: 5/19/2008
Binding: Hardcover
Pages: 704
Size: 8.00" wide x 10.00" long x 2.25" tall
Weight: 3.256
Language: English

Preface
About the Editors
Contributors
Introduction
Employee Pay: A Riddle Wrapped in a Mystery Inside an Enigma
Total Rewards and the Future Workforce
Total Rewards Strategy
Three Trends Shaping the Future of Compensation and Human Resources
Demographics: The Tempest Driving Compensation
Base Salary
Salary Administration
Merit Pay
Job Analysis, Documentation, and Job Evaluation
Salary Surveys
Benchmarking
Skills, Knowledge, and Competency-Based Pay
Broadbanding
Nonmonetary Awards
Salary Administration at a Prestigious Cultural Institution: Pennsylvania Academy of the Fine Arts
Compensation Practices in a Middle Market Company
A Vision for Information Technology in Compensation
Variable Compensation
Incentive Compensation Program Design
Using Variable Pay Programs to Support Organization Goals
Rationalizing Variable Pay Plans
Sales Compensation
Team-Based Incentives
Gainsharing or Profit Sharing
Scanlon Gainsharing
Executive Compensation
Executive Compensation Strategy
Long-Term Incentives
Executive Compensation: A Recruiter's Recommendations
Executive Compensation: An Academic's Perspective
Regulation of Executive Compensation
Executive Employment Agreements
Compensation and the Board
The Compensation Committee and Executive Pay
New Dynamics of CEO Pay
Board Compensation
Board Critical Issues in Executive Pay
Performance and Compensation
Performance Management Best Practices
Guidelines for Effective Executive Performance Appraisals
Forced Ranking
The Balanced Scorecard and Compensation
Performance Metrics and Compensation
Using Compensation to Drive Workforce Productivity
Return on Investment of Compensation Expenditures
Pay-for-Performance: New Developments and Issues
Talent Management and Compensation
Using Compensation to Win the Talent Wars
Talent Management, Organization Transformation, and Compensation
Work-Life Effectiveness and Total Rewards Strategy
Compensating and Motivating a Diverse Workforce
Communicating Compensation Programs
Talent Management and Compensation in the Fast Food Industry
Global Compensation
Expatriate Compensation Practices
Global Local National Compensation Practices
Global Compensation Processes
Index
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