Compensation

Jerry Newman

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What will you learn from this book

  1. Compensation Strategy: Addressing the development and implementation of compensation strategies aligned with organizational objectives and business strategies.

  2. Total Rewards Approach: Emphasizing a holistic view of compensation that includes not only monetary rewards but also benefits, incentives, recognition, and work-life balance initiatives.

  3. Job Analysis and Evaluation: Discussing the process of job analysis and evaluation to determine the worth of various positions within the organization.

  4. Market Pricing and Benchmarking: Understanding external market factors and industry benchmarks to set competitive and fair compensation structures.

  5. Pay Structure Design: Designing pay structures that balance internal equity (fairness within the organization) and external competitiveness (fairness compared to the market).

  6. Incentive and Performance-Based Pay: Exploring incentive systems and performance-based pay structures aimed at motivating and rewarding employee performance.

  7. Executive Compensation: Addressing specialized compensation strategies for executives, including stock options, bonuses, and other executive perks.

  8. Legal and Regulatory Compliance: Ensuring compliance with labor laws, regulations, and ethical standards in compensation practices to avoid legal issues.

  9. Employee Benefits: Covering the design and administration of benefits programs, such as healthcare, retirement plans, and wellness programs.

  10. Compensation Communication: Addressing the importance of transparent communication about compensation policies, structures, and rationale to employees.

Language English
ISBN-10 0-07-063519-6
No of pages 634
Font Size Medium
Book Publisher Tata Mcgraw Hill
Published Date 01 Aug 2016

About Author

Author : Jerry Newman

1 Books

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