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Compensation Management  in a Knowledge-Based World,9780130081155
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Compensation Management in a Knowledge-Based World

by
Edition:
9th
ISBN13:

9780130081155

ISBN10:
0130081159
Format:
Hardcover
Pub. Date:
1/1/2003
Publisher(s):
PRENTICE HALL
List Price: $136.66
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Summary

For undergraduate courses in Compensation Management and Wage and Salary Administration. With the recession of 2001-2002 and the dramatic bankruptcies of ENRON and other large corporations, the need to return to BASICS in Human Resources Administration is more critical than ever. As the leading text in its field Compensation Management offers a practical exploration of the systems, methods, and procedures involved in establishing and administering a compensation system within any organization.

Table of Contents

Preface ix
PART I: MACROECONOMIC COMPENSATION CONCEPTS 1(128)
Compensation in a Knowledge-Based Global Economy
3(13)
Capitalism and Knowledge in a Global Economy
4(1)
Compensation and Organizational Strategy
5(1)
Integrating Knowledge and Skill Requirements, Organization Compensation, and Employee Income
6(1)
Lifestyle and Compensation
6(1)
Pay and Social Class
7(8)
Summary
15(1)
Review Questions
15(1)
The Reward System: Compensation and Noncompensation Dimensions
16(12)
The Reward System
17(1)
Compensation System
17(2)
Compensation Dimensions
19(4)
Noncompensation System
23(4)
Summary
27(1)
Review Questions
27(1)
The World of Pay and Compensation
28(29)
The Compensation Program
29(1)
Determining Rates of Pay
30(8)
Jobs and Pay in the United States
38(4)
A World in Transition
42(1)
Summary
43(1)
Review Questions
43(1)
Appendix 3A: Economic Theories
44(13)
Organizational Structure: Strategic and Tactical Compensation Issues
57(36)
Development of an Organization
58(3)
Employees--A Critical Resource
61(1)
Division of Labor
62(1)
Creating an Organizational Hierarchy
63(2)
Board of Directors
65(3)
Senior Management
68(4)
Operating Managers
72(2)
Sales Personnel
74(2)
Professionals
76(2)
Operative Employees
78(8)
Pay Relationships: A Fairness Issue
86(5)
Summary
91(1)
Review Questions
91(2)
Legislation and Compensation
93(36)
The Legislative Process
95(1)
Wage and Hour Legislation
96(6)
Employee Pension and Welfare (Benefits) Legislation
102(9)
Tax Treatment Legislation
111(5)
Antidiscrimination in Employment Legislation
116(8)
Wage and Price Control Legislation
124(1)
Legislation Affecting Public Employees
125(1)
Summary
126(1)
Review Questions
127(2)
PART II: MICROECONOMIC COMPENSATION CONCEPTS 129(256)
Job Analysis
131(40)
Preliminary Considerations
133(1)
Planning a Job Analysis Program
133(8)
Gaining Employee Acceptance and Cooperation
141(1)
Collecting and Describing Job Data
142(15)
Reviewing and Revising Job Facts
157(1)
Designing a Custom-Made Job Analysis Questionnaire
157(3)
Guidelines for Conducting a Job Analysis Interview
160(2)
Other Job Analysis Methodologies
162(1)
Summary
163(1)
Review Questions
164(1)
Appendix 6A: Other Job Analysis Methodologies
164(7)
Job Description
171(37)
Broad, Generic Job (Class) Descriptions Versus Narrow, Specific Job (Position) Descriptions
172(1)
A Job Contract
173(1)
Planning, Operations, and Control
174(2)
Elements of the Job Description
176(17)
Other Kinds of Information Used in Describing Jobs
193(3)
Other Ways of Describing Job Facts
196(4)
Revising Job Descriptions
200(1)
Using the Computer
201(5)
Summary
206(1)
Review Questions
207(1)
Job Evaluation
208(47)
Job Requirements and Pay
209(1)
Job Evaluation Issues
210(1)
The Intraoccupational and Interoccupational Method of Job Classification
211(2)
Whole Job Ranking
213(1)
Position (Job) Classification---Predetermined Grading Approach
214(2)
A Market Pricing Approach
216(2)
The Maturity Curve Method
218(2)
The Development and Use of Compensable Factors
220(11)
Weighting and Rating of Compensable Factors
231(5)
Job Evaluation and Comparable Worth
236(4)
Summary
240(1)
Review Questions
240(1)
Appendix 8A: Paired-Comparison Procedures
241(3)
Appendix 8B: Other Job Evaluation Methods
244(6)
Appendix 8C: Using Multiple Regression Analysis in Questionnaire-Based Job Evaluation
250(5)
A Point-Factor Method of Job Evaluation
255(30)
Combining Point-Factor and Factor-Comparison Methods
256(1)
Job Evaluation Committee
257(5)
Using FES to Determine Job Worth
262(20)
Summary
282(2)
Review Questions
284(1)
Surveying Market Pay and Compensation Practices
285(39)
Critical Pay Survey Problems
286(3)
Determining the Need for a Survey
289(4)
Preparing for the Survey
293(5)
Identifying Survey Methods
298(3)
Designing the Survey
301(13)
Performing a Statistical Analysis of the Data
314(4)
Using Third-Party Surveys
318(1)
Sources of Third-Party Data
319(4)
Summary
323(1)
Review Questions
323(1)
Designing a Base Pay Structure
324(37)
Pay Structure Architecture
325(25)
Interlocking Multiple Pay Structures
350(1)
The Expanding or Fan-Type Pay Structure: An Optional Approach
351(3)
Architectural Design Hints
354(1)
Pay Sectors and Levels of Education, Experience, and Training
355(1)
Spreadsheet Software
356(1)
Summary
356(1)
Review Questions
357(1)
Appendix 11A: The Least-Squares Method for Determining Line of Best Fit (Trend Line)
357(4)
Team-Based Pay in a Knowledge-Based World
361(24)
Kinds of Teams
362(5)
Use of Skill-, Knowledge-, and Competency-Based Pay
367(16)
Summary
383(1)
Review Questions
383(1)
References
384(1)
PART III: MICRO- AND MACROECONOMIC COMPENSATION CONCEPTS 385(239)
Measuring and Paying for Performance
387(40)
Pay for Performance in a Knowledge-Oriented, Service-Sector Economy
388(1)
Application of Motivation Theories
389(9)
Merit Pay
398(2)
Performance Appraisal: Issues and Opportunities
400(7)
Performance Appraisal: A Cost-Effectiveness Analysis
407(3)
Designing a Job Content-Based Performance Appraisal Program
410(7)
Other Critical Performance Appraisal-Related Issues
417(3)
Summary
420(1)
Review Questions
421(1)
Appendix 13A: Ranking and Rating Instruments and Formats
421(2)
Appendix 13B: Validity and Reliability
423(4)
Short-Term Incentives
427(38)
Premiums and Differentials
428(4)
Pay for Units Produced
432(1)
Individual-Based Bonuses and Awards
433(7)
Aggregating Employees for Incentive Opportunities
440(3)
Organization-Wide Short-Term Incentives
443(11)
Summary
454(1)
Review Questions
455(1)
Appendix 14A: Setting Standards and Designing Incentives for an Industrial Economy
455(5)
Appendix 14B: Two Other Kinds of Gainsharing Plans
460(5)
Long-Term Incentives and Wealth Building
465(21)
Wealth and Work in the United States
466(1)
Tax Legislation
467(1)
Designing a Long-Term Incentive and Deferred Compensation Plan
468(3)
Qualified Deferred Compensation Arrangements
471(14)
Summary
485(1)
Review Questions
485(1)
Executive and International Compensation
486(39)
Executive Compensation
487(8)
Capital Accumulation
495(3)
Maximizing Executive Compensation Opportunities
498(4)
International Compensation
502(4)
Summary
506(1)
Review Questions
507(1)
Appendix 16A: Tax Legislation-Related Terms
507(6)
Appendix 16B: Stock and Stock Equivalent Acquisition Plans
513(9)
Appendix 16C: Special Corporate Insurance Programs
522(3)
Benefits and Services
525(56)
Benefits Administration
531(2)
Employee Benefits
533(24)
Employee Services
557(11)
Funding Benefits Through a VEBA
568(1)
Costing Benefits
569(1)
Flexible Compensation/Benefits Plan (Cafeteria Plans)
570(10)
Summary
580(1)
Review Questions
580(1)
Pay Delivery Administration
581(43)
Tying It All Together
582(2)
The Budget Process
584(2)
Administration of Pay
586(22)
Quality of Work Life and Pay Administration
608(2)
Other Compensation Administration Issues
610(8)
Due Process
618(4)
Summary
622(1)
Review Questions
623(1)
Action Words 624(9)
Glossary of Terms 633(30)
Name Index 663(3)
Subject Index 666


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