The Compensation Handbook A State of the Art Guide to Compensation Strategy and Design 5th Edition by Lance Berger, Dorothy Berger 9780071496759 0071496750

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Product details:

ISBN 10: 0071496750

ISBN 13: 9780071496759

Author: Lance A. Berger, Dorothy R. Berger

The Perennial Favorite of HR Professionals Seeking the Most Current, Insightful Reference in the Field For over thirty-five years, human resources and management professionals have been turning to a single source for the most astute and up-to-date commentary about the state of the industry-The Compensation Handbook. Composed of one-hundred percent brand-new material from more than sixty authorities in the field, this fully updated edition provides direct insight into the most critical issues compensation and human resources professionals face today. Among the many human-capital topics covered are new reward strategies for attracting and retaining highly qualified employees from America’s fast-draining talent pool; addressing the mass retirement of baby boomers-the decade’s most vexing HR problem; and responding to the varying needs and desires of a multicultural, multi-generational workforce ranging from the over-sixty traditionalists to the new “Millennials.” The Compensation Handbook illustrates how employee compensation addresses these and many other critical topics, including: Unwrapping the riddle of employee pay Creating a total reward strategy Effectively using competency based pay Utilizing the most effective approaches to broadbanding Applying the best performance management practices Demystifying CEO pay Creating team-based incentives for strong outcomes Rationalizing board compensation Applying a solid program for addressing work-life issues Designing compensation systems that support talent management strategies Never before has such dramatic changes in the workforce occurred as rapidly as they are today. With economies stretching around the globe and the recent rise of foreign financial giants, among numerous other radical changes in business and industry, those in the field of human resources and compensation are faced with an entirely new catalog of concerns. This long-time industry staple contains all the methods, tools, and diagnostics you’ll need to navigate the maze. Packed with the most comprehensive and insightful information you’ll find anywhere, The Compensation Handbook offers not only straightforward answers to specific problems, but also provides a firm foundation for solving issues unique to your company.

Table of contents:

Part 1 Introduction

1 Employee Pay: A Riddle Wrapped in a Mystery Inside an Enigma

2 Total Rewards and the Future Workforce

3 Total Rewards Strategy

4 Three Trends Shaping the Future of Compensation and Human Resources

5 Demographics: The Tempest Driving Compensation

Part 2 Base Salary

6 Salary Administration

7 Merit Pay

8 Job Analysis, Documentation, and Job Evaluation

9 Salary Surveys

10 Benchmarking

11 Skills, Knowledge, and Competency-Based Pay

12 Broadbanding

13 Nonmonetary Awards

14 Salary Administration at a Prestigious Cultural Institution: Pennsylvania Academy of the Fine Art

15 Compensation Practices in a Middle Market Company

16 A Vision for Information Technology in Compensation

Part 3 Variable Compensation

17 Incentive Compensation Program Design

18 Using Variable Pay Programs to Support Organization Goals

19 Rationalizing Variable Pay Plans

20 Sales Compensation

21 Team-Based Incentives

22 Gainsharing or Profit Sharing

23 Scanlon Gainsharing

Part 4 Executive Compensation

24 Executive Compensation Strategy

25 Long-Term Incentives

26 Executive Compensation: A Recruiter’s Recommendations

27 Executive Compensation: An Academic’s Perspective

28 Regulation of Executive Compensation

29 Executive Employment Agreements

Part 5 Compensation and the Board

30 The Compensation Committee and Executive Pay

31 New Dynamics of CEO Pay

32 Board Compensation

33 Board Critical Issues in Executive Pay

Part 6 Performance and Compensation

34 Performance Management Best Practices

35 Guidelines for Effective Executive Performance Appraisals

36 Forced Ranking

37 The Balanced Scorecard and Compensation

38 Performance Metrics and Compensation

39 Using Compensation to Drive Workforce Productivity

40 Return on Investment of Compensation Expenditures

41 Pay-for-Performance: New Developments and Issues

Part 7 Talent Management and Compensation

42 Using Compensation to Win the Talent Wars

43 Talent Management, Organization Transformation, and Compensation

44 Work–Life Effectiveness and Total Rewards Strategy

45 Compensating and Motivating a Diverse Workforce

46 Communicating Compensation Programs

47 Talent Management and Compensation in the Fast Food Industry

Part 8 Global Compensation

48 Expatriate Compensation Practices

49 Global Local National Compensation Practices

50 Global Compensation Processes

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Tags: Lance Berger, Dorothy Berger, Compensation, Art