The text examines the strategic choices in managing compensation. A human resource 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 practice. The practices of a wide variety of employers illustrate new developments as well as established approaches to compensation decisions. Many debates surround the various approaches to compensation. Milkovich/Newman strive to differentiate between beliefs and facts, and opinions from scholarly research. As the #1 text in the market, Compensation, offers instructor's up-to-date research material, in depth discussion of topics, integration of Internet coverage, a modern design and excellent pedagogy.


TABLE OF CONTENTS

1 Strategic Issues and the Pay Model

Part. I Internal Consistency: Determining the Structure
2 Defining Consistency
3 Assessing Work
4 Evaluating Work: Job Evaluation, Skill-Competency-Based Plans, and Market Pricing
5 Evaluating Work: Administration

Part. II External Competitiveness: Determining the Pay Level
6 Defining Competitiveness
7 Designing the Pay Structure

Pt. III Employee Contributions: Determining Individual Pay
8 Pay for Performance: The Evidence
9 Pay-for-Performance Plans
10 Subjective Performance Evaluation and Merit Pay

Pt. IV Employee Benefits
11 The Benefits Determination Process
12 Benefits Options

Pt. V Compliance
13 The Government’s Role in Compensation
14 Pay Discrimination

Pt. VI Managing the System
15 Budgets and Administration
16 Compensation of Special Groups
17 Union Role in Wage and Salary Administration
18 International Pay Systems

Glossary
Name Index
Subject Index