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Strategic Compensation: A Human Resource Management Approach, Global Edition, 11th edition

Published by Pearson (October 30, 2024) © 2024

  • Joseph J. Martocchio University of Illinois at Urbana-Champaign

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Title overview

For strategic compensation courses.

Connecting art and science in compensation practices

Strategic Compensation demonstrates the art and science of compensation practice and its role in a company's competitive advantage. It focuses on compensation context, criteria, design and challenges along with employee benefits at home and around the world. Through targeted activities and supporting course material, students build a solid foundation in the subject.

The 11th Edition features evolving compensation practices, statistics and business professionals' perspectives. Students gain the knowledge and skills needed to become successful compensation professionals in the field.

Hallmark features of this title

  • Putting It Together connects concepts from different chapters to show statistics as a whole, rather than a series of disconnected procedures.
  • Making an Informed Decision chapter openers pose a question and present the statistical concept needed for decision making.
  • Case Studies conclude each chapter to help students apply their knowledge.
  • Preparing for this Section quizzes verify that students have the knowledge needed for the next section, with page numbers for quick reference.
  • Retain Your Knowledge problems help students recall skills learned earlier in the course.
  • Big Data Problems, marked with an icon, let students analyze data sets with more than 50 observations covering tens of thousands of observations with thousands of variables.

New and updated features of this title

  • NEW: The influence of the COVID-19 pandemic on remote work arrangements and pay rate determination is discussed.
  • NEW: A full discussion of pay transparency laws, which increasingly require companies to reveal important information such as pay ranges to job candidates and current employees, has been incorporated.
  • UPDATED: All statistics have been updated, and new trends and legal matters introduced and discussed.
  • NEW: Company examples illustrate leading edge practices and innovative approaches to managing compensation challenges.
  • NEW: A thorough presentation of pay equity facts, and challenges facing companies to ensure pay equity, is included.
  • UPDATED: An enhanced discussion of employee benefits communication and open enrolment has been added.
  • 3 NEW: Cases present pressing challenges to compensation and HR professions.

Table of contents

PART 1: SETTING THE STAGE FOR STRATEGIC COMPENSATION

  1. Strategic Compensation: A Component of Human Resource Systems
  2. Contextual Influences on Compensation Practice

PART 2: BASES FOR PAY

  1. Traditional Bases for Pay: Seniority and Merit
  2. Incentive Pay
  3. Person-Focused Pay

PART 3: DESIGNING COMPENSATION SYSTEMS

  1. Building Internally Consistent Compensation Systems
  2. Building Market-Competitive Compensation Systems
  3. Building Pay Structures that Recognize Employee Contributions

PART 4: EMPLOYEE BENEFITS

  1. Discretionary Benefits
  2. Legally Required Benefits

PART 5: CONTEMPORARY STRATEGIC COMPENSATION CHALLENGES

  1. Compensating Executives
  2. Contingent Workers, Remote Work and Flexible Work Schedule Arrangements

PART 6: COMPENSATION ISSUES AROUND THE WORLD

  1. Compensating Expatriates
  2. Pay and Benefits outside the United States

Author bios

About our author

With training in mathematics, statistics and economics, Mike Sullivan, III has a varied teaching background that includes 15 years of instruction in both high school- and college-level mathematics. He is currently an adjunct instructor at Florida SouthWestern State College and retired faculty at Joliet Junior College. Mike has numerous textbooks in publication in addition to his Introductory Statistics Series, including a Developmental Math series and a Precalculus series which he writes with his father, Michael Sullivan.  

Mike built this book in the classroom using feedback from his students. He is well aware of the challenges of students taking an introductory statistics course. His goal is for students to be more informed interpreters of data, so they will become better decision makers with stronger critical-thinking skills. When not in the classroom or writing, Mike enjoys spending time with his children Michael, Kevin and Marissa, and playing golf.

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Pearson eTextbook: What’s on the inside just might surprise you

They say you can’t judge a book by its cover. It’s the same with your students. Meet each one right where they are with an engaging, interactive, personalized learning experience that goes beyond the textbook to fit any schedule, any budget, and any lifestyle.