COMPENSATION by Milkovich and Newman is the market-leading text in this course area. It offers instructors current research material, in depth discussion of topics, integration of Internet coverage, a modern design, excellent pedagogy, and a truly engaging writing style. George Milkovich and Jerry Newman are viewed as leading authorities in the field of Human Resource Management/Compensation. They consult with leading businesses, have won teaching awards, and publish in the leading journals. Milkovich received a career contribution award from WorldatWork (formerly American Compensation Association) in 2000. COMPENSATION examines the strategic choices in managing total compensation. The total compensation model introduced in chapter one serves as an integrating framework throughout the book. The authors discuss compensation issues in the context of current theory, research, and real-business practices. Milkovich/Newman strive to differentiate between beliefs and facts, and opinions from scholarly research. Adopters tell us that students get job offers based on the knowledge they get from this book.

Table of Contents:

Chp.1 The Pay Model

Chp.2 Strategic Perspectives

Part I.Internal Alignment: Determining the Structure

Chp.3 Defining Alignment

Chp.4 Job Analysis

Chp.5 Evaluating Work: Job Evaluation

Chp.6 Person-Based Structures

Part II.External Competitiveness:Determining the Pay Level

Chp.7 Defining Competitiveness

Chp.8 Designing Pay Levels, Mix,and Pay Structures

Part III Employee Contributions: Determine Individual Pay

Chp.9 Pay for Performance: The Evidence

Chp.10 Pay-for-Performance Plans

Chp.11 Performance Appraisals

Part IV Employee Benefits

Chp.12 The Benefits Determination Process

Chp.13 Benefits Options

Part V Extending the System

Chp.14 Compensation of Special Groups

Chp.15 Union Role in Wage and Salary Administration

Chp.16 International Pay Systems

Part VI Managing the System

Chp.17 Government and Legal Issues in Compensation

Chp.18 Budgets and AdministrationAppendix - Internet Sites for Human Resources