[Book Cover]

Strategic Compensation: A Human Resource Management Approach, 1/e

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

Published June, 1997 by Prentice Hall Business Publishing

Copyright 1998, 426 pp.
Cloth
ISBN 0-13-440983-3


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Summary

Appropriate for courses in Compensation Management. Strategic Compensation: A Human Resource Management Approach reflects the importance of employees as a key element of strategic compensation programs. In exploring the art of compensation and its role in promoting companies' competitive advantages, the author develops a solid understanding of compensation practices, the context of compensation practice, the criteria used to compensate employees, compensation system design issues, employee benefits, and contemporary challenges that compensation professionals will face well into the 21st century.

Features


Emphasizes the key role of compensation systems in attaining and sustaining competitive advantage as well as the overall value of compensation systems as an essential business tool.
Considers compensation as an integral part of human resource management systems, exploring the relationships between compensation and other human resource management practices.
Features entire chapters on current compensation issues, such as...

  • Legal context.
  • Pay-for-knowledge.
  • International compensation.
  • Executive compensation.
  • Contingent workers and workers on flexible schedules.
Guides readers through a sound instructional framework in each chapter, including a chapter outline, learning objectives, key terms, discussion questions, and special-interest boxes.
  • Each chapter's Reflections box prompts students to recognize the deeper or not-so-obvious implications of compensation practices.
  • The Flip Side of the Coin box, also found in each chapter, points out both sides of some current compensation issues.
Integrates exploratory exercises using the World Wide Web featuring a complete web page offering exercises and information.
  • visit website at: www.prenhall.com/martocchio.


Table of Contents
I. SETTING THE STAGE FOR STRATEGIC COMPENSATION.
    1. Compensation: A Component of Human Resource Systems.
    2. Strategic Compensation: Attaining Competitive Advantage.
    3. Contextual Influences on Compensation Practice.

II. BASES FOR PAY.
    4. Traditional Bases for Pay: Seniority and Merit.
    5. Incentive Pay.
    6. Pay-For-Knowledge and Skill-Based Pay.
III. DESIGNING COMPENSATION SYSTEMS.
    7. Building Internally Consistent Compensation Systems.
    8. Building Market-Competitive Compensation Systems.
    9. Building Pay Structures that Recognize Individual Contributions.
IV. EMPLOYEE BENEFITS.
    10. Legally-Required Benefits.
    11. Discretionary Benefits.
V. CONTEMPORARY STRATEGIC COMPENSATION CHALLENGES.
    12. International Compensation.
    13. Compensating Executives.
    14. Compensating the Flexible Work Force: Contingent Employees and Flexible Work Schedules.
    Glossary of Key Terms.
    Author Index.
    Subject Index.


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