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  • Edition: 8th
  • Format: Hardcover
  • Copyright: 2004-02-03
  • Publisher: McGraw-Hill/Irwin
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COMPENSATION, 8th Edition, by Milkovich and Newman is the market-leading text in this course area. It offers instructor's current research material, in depth discussion of topics, integration of Internet coverage, excellent pedagogy, and a truly engaging writing style. George Milkovich and Jerry Newman are leading authorities in the field of Human Resource Management and Compensation. They consult with leading businesses, have won teaching awards, publish in the leading journals. Milkovich received a career contribution award from WorldatWork (formerly American Compensation Association) in 2000. COMPENSATION, 8th Edition, 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 major compensation issues in the context of current theory, research, and real-business practices. Milkovich and Newman strive to differentiate between beliefs and opinions from facts and scholarly research. They showcase practices that illustrate new developments in compensation practices as well as established approaches to compensation decisions. Time after time, adopters relay stories of students getting job offers based on the knowledge they learned from this book.

Table of Contents

Chapter 1. The Pay Model

Chapter 2. Strategic Perspectives

Part 1 Internal Alignment: Determining the Structure

Chapter 3. Defining Internal Alignment

Chapter 4. Job Analysis

Chapter 5. Evaluating Work: Job Evaluation

Chapter 6. Person-Based Structures

Part 2 External Competitiveness: Determining the Pay Level

Chapter 7. Defining Competitiveness

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

Part 3 Employee Contributions: Determining Individual Pay

Chapter 9. Pay for Performance: The Evidence

Chapter 10. Pay for Performance Plans

Chapter 11. Performance Appraisals

Part 4 Employee Benefits

Chapter 12. The Benefits Determination Process

Chapter 13. Benefit Options

Part 5 Extending the System

Chapter 14. Compensation of Special Groups

Chapter 15. Union Role in Wage and Salary Administration

Chapter 16. International Pay Systems

Part 6 Managing the System

Chapter 17. Government and Legal Issues in Compensation

Chapter 18. Budgets and Administration

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