Dewey Edition23
Reviews'This is the best book on compensation I have seen. It should be read by executives, not just compensation specialists. It provides a fresh and highly useful perspective, showing how the causes and effects of compensation reflect the underlying dynamics of the labor market. And - unlike most compensation books - the writing is engaging, with a rich set of real-world examples.' Michael Gibbs, University of Chicago
Table Of ContentAcronyms; Preface; Case discussions; 1. Introduction; 2. Compensation contract failure and wage theft; 3. Compensating differentials; 4. External constraints on pay; 5. Internal constraints on pay; 6. Compensation analytics I; 7. Compensation analytics II; 8. Training; 9. Pay for performance; 10. Executive compensation and stock options; 11. Benefits; 12. Turnover management and talent retention; 13. Promotions and pay; 14. Negotiation and bargaining; 15. Compensation in nonprofits, the public sector, and small businesses; Last remark; Further resources; Index.
SynopsisWritten for current and aspiring managers, this textbook guides readers through the core components of compensation and puts them in the manager's chair, challenging them to apply their understanding to solve business problems such as attracting, managing, and retaining company talent. The book's central theme, supported by extensive treatment of compensating differentials, is that compensation is heavily driven by market competition. The coverage also includes analytics, negotiation and bargaining, wage theft, and non-profits and small businesses, as well as detailed treatment of stock options. Case studies are included to demonstrate the principles in practice, and 'lessons for managers' in each chapter provide practical advice and takeaways. A rich package of online teaching and learning materials, including teaching slides, sample syllabi, additional case studies, and a test bank is also provided to support teachers and students., Written for managers, this core textbook on compensation develops a market-driven perspective, informally presented in an engaging, narrative style. It is ideal for M.B.A. and professional master's students taking courses in compensation, rewards management, or personnel economics, as well as advanced business undergraduates and experienced managers., Written for current and aspiring managers, this textbook guides readers through the core components of compensation and puts them in the manager's chair, challenging them to apply their understanding to solve business problems such as attracting, managing, and retaining company talent. The book's central theme, supported by extensive treatment of compensating differentials, is that compensation is heavily driven by market competition. The coverage also includes analytics, negotiation and bargaining, wage theft, and non-profits and small businesses, as well as a detailed treatment of stock options. Case studies are included to demonstrate the principles in practice, and 'lessons for managers' in each chapter provide practical advice and takeaways. A rich package of online teaching and learning materials, including teaching slides, sample syllabi, additional case studies, and a test bank is also provided to support teachers and students.