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  5. Compensation Management in a Knowledge-Based World

Compensation Management in a Knowledge-Based World, 10th edition

  • Richard I Henderson

Published by Pearson (June 14th 2005) - Copyright © 2006

10th edition

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Overview

As the leading book in its field, Compensation Management offers a practical exploration of the systems, methods, and procedures involved in establishing and administering a compensation system within any organization. KEY TOPICS: In-depth explanations of the procedures involved in establishing and administering a compensation system including, analyzing work requirements and designing a job, determining job worth, establishing job rates of pay, the elements of a total compensation package, and the importance of labor costs in a modern economy. MARKET: For compensation managers, HR professionals, and others who want to know about the aspects of establishing and administering a compensation system.

Table of contents

I. MACROECONOMIC COMPENSATION CONCEPTS    

    1.   Compensation in a Knowledge-Based Global  Economy    

    2.   The Reward System:  Compensation and Noncompensation Dimensions

    3.   The World of Pay and Compensation    

    4.   Organizational Structure: Strategic and Tactical Compensation Issues    

    5.   Legislation and Compensation

 

II. MICROECONOMIC COMPENSATION CONCEPTS    

    6.   Job Analysis    

    7.   Job Description    

    8.   Job Evaluation    

    9.   A Point-Factor Method of Job Evaluation    

    10. Surveying Market Pay and Compensation Practices    

    11. Designing a Base Pay Structure    

    12. Team-Based Pay in a Knowledge-Based World 

 

III. MICRO- AND MACROECONOMIC COMPENSATION CONCEPTS    

    13. Measuring and Paying for Performance    

             Appendix 13A: Ranking and Rating Instruments and Formats    

            Appendix 13B: Validity and Reliability    

    14. Short-Term Incentives    

            Appendix 14A: Setting Standards and Designing Incentives for an Industrial Economy    

            Appendix 14B: Two Other Kinds of Gainsharing Plans    

    15. Long-Term Incentives and WealthBuilding    

    16. Executive and International Compensation    

            Appendix 16A: Tax Legislation—Related Terms    

            Appendix 16B: Stock and Stock Equivalent Acquisition Plans    

            Appendix 16C: Special Corporate Insurance Programs    

    17. Benefits and Services    

    18. Pay Delivery Administration    

 

Action Words

Glossary of Terms

INTERNET COMPENSATION RESOURCES

Name Index

Subject Index

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