Compensation Strategy: Addressing the development and implementation of compensation strategies aligned with organizational objectives and business strategies.
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.
Job Analysis and Evaluation: Discussing the process of job analysis and evaluation to determine the worth of various positions within the organization.
Market Pricing and Benchmarking: Understanding external market factors and industry benchmarks to set competitive and fair compensation structures.
Pay Structure Design: Designing pay structures that balance internal equity (fairness within the organization) and external competitiveness (fairness compared to the market).
Incentive and Performance-Based Pay: Exploring incentive systems and performance-based pay structures aimed at motivating and rewarding employee performance.
Executive Compensation: Addressing specialized compensation strategies for executives, including stock options, bonuses, and other executive perks.
Legal and Regulatory Compliance: Ensuring compliance with labor laws, regulations, and ethical standards in compensation practices to avoid legal issues.
Employee Benefits: Covering the design and administration of benefits programs, such as healthcare, retirement plans, and wellness programs.
Compensation Communication: Addressing the importance of transparent communication about compensation policies, structures, and rationale to employees.
Language | English |
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ISBN-10 | 0-07-063519-6 |
No of pages | 634 |
Font Size | Medium |
Book Publisher | Tata Mcgraw Hill |
Published Date | 01 Aug 2016 |
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