Overview
This book offers a practical exploration of the systems, methods, and procedures involved in establishing and administering a compensation system within any organization. Macroeconomics Compensation Concepts. Compensation and Noncompensation. Organizational Structure: Strategic and Tactical Compensation Issues. Legislation and Compensation. Job Analysis, Description, and Evaluation. Job Evaluation: Two Point-Factor Methods. Surveying Market Pay and Compensation Practices. Designing A Base Pay Structure. Team-Based Pay. Measuring and Paying for Performance. Short-Term Incentives. Long-Term Incentives and Wealth Building. Executive and International Compensation. Benefits and Services. Pay Delivery Administration. For entrepreneurs, managers, or anyone who needs to learn about compensation management.Synopsis
Recognizing the important role played by compensation in modern organizations, this text concentrates on how organizations design and administer their base pay programs for most employees, and also reviews in lesser detail what organizations are doing to expand their base pay opportunities. Early chapters provide an overview of compensation management and organization reward systems, while later chapters offer a microanalysis of compensation and explain how a base pay program is expanded into a total compensation system. This ninth edition reflects post-September 11th conditions. Henderson is professor emeritus of Georgia State University. Annotation c. Book News, Inc.,Portland, OR