Synopses & Reviews
Martocchio’s book distinctly identifies employees as key elements of strategic compensation programs.
In this edition, the authors examine compensation practice, the criteria used to compensate employees, compensation system design issues, employee benefits, challenges of compensating key strategic employee groups, and pay and benefits around the world.
This text is most suited for the HR professional interested in knowledge of the art and science of compensation practice and its role in promoting companies’ competitive advantage.
Table of Contents
Preface xix
PART I: SETTING THE STAGE FOR STRATEGIC COMPENSATION 1
Chapter 1 Strategic Compensation: A Component of Human Resource Systems 1
Chapter 2 Strategic Compensation in Action: Strategic Analysis and Contextual Factors 34
Chapter 3 Contextual Influences on Compensation Practice 67
PART II: BASES FOR PAY 98
Chapter 4 Traditional Bases for Pay: Seniority and Merit 98
Chapter 5 Incentive Pay 135
Chapter 6 Person-Focused Pay 173
PART III: DESIGNING COMPENSATION SYSTEMS 200
Chapter 7 Building Internally Consistent Compensation Systems 200
Chapter 8 Building Market-Competitive Compensation Systems 243
Chapter 9 Building Pay Structures That Recognize Employee Contributions 280
PART IV: EMPLOYEE BENEFITS 325
Chapter 10 Discretionary Benefits
Chapter 11 Employer-Sponsored Retirement Plans and Health Insurance Programs
Chapter 12 Legally Required Benefits 325
PART V: COMPENSATION CHALLENGES FOR STRATEGIC EMPLOYEE GROUPS 385
Chapter 13 Compensating Executives 415
Chapter 14 Compensating the Flexible Workforce: Contingent Employees and Flexible Work Schedules 446
PART VI: COMPENSATION ISSUES AROUND THE WORLD
Chapter 15 Compensating Expatriates 385
Chapter 16 Pay and Benefits Outside the United States
Glossary 475
Author Index 491
Subject Index 495