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Compensation

By: Milkovich, George T.
Publisher: New York McGraw-Hill 2014Edition: 11th.Description: xviii, 718 p.ISBN: 9780078029493.Subject(s): Compensation managementDDC classification: 658.3​2 Summary: NEW FEATURES All chapters have been revised. Each includes updated comparison of the pay strategies or practices used in specific, named companies. Some of these are well established and successful (Apple, IBM, Microsoft, Merrill Lynch, Nucor, Toyota ), some face real problems (American Airlines, Best Buy, General Motors), and others are using unique practices (Google, Whole Foods). Greater emphasis is given to theoretical advances and evidence from research. Throughout the book the authors translate the evidence into guidance for improving the management of pay. Chapters 12 and 13 have been heavily revised, reflecting the warp speed changes in benefits' practices. New! Nucor, a manufacturing success story in the United States, is now highlighted in Chapters 1 and 2. RETAINED FEATURES The 11th edition continues to emphasize the importance of total compensation advantage and reinforces the idea that beyond how much people are paid, how they are paid really matters. Ethics, values and the apparent absence of standards of conduct in compensation management, so widely reported in today's headline news and dissected in blogs, are discussed throughout. Your Turn Exercises are real-life exercises that ask the student to apply the concepts and techniques discussed in each chapter. In each chapter, Internet Exercises called "e-Compensation" help students learn where to find compensation material on the web. The global flavor of this text has been retained; it contains an international chapter plus global examples throughout all chapters. The authors also publish Cases in Compensation, an integrated case designed to provide additional practical skills applying the material in this book. The casebook is NOT a McGraw-Hill/Irwin product, but it is made available directly from the authors (telephone 310-450-5301; e-mail gtm1@cornell.edu). Completing the integrated case helps students develop skills readily transferable to future jobs and assignments. Instructors are invited to call for more information on how Cases in Compensation can help translate compensation research and theory into practice and build competencies for on the job decisions. (http://highered.mheducation.com/sites/007802949x/information_center_view0/feature_summary.html)
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Books Vikram Sarabhai Library
Slot 1946 (2 Floor, East Wing) Non-fiction 658.3​2 M4C6 (Browse shelf) Available 190338

Table of Contents:

Part One - Introducing the Pay Model and Pay Strategy
Chapter 1: The Pay Model
Chapter 2: Strategy: The Totality of Decisions

Part Two - Internal Alignment: Determining the Structure
Chapter 3: Defining Internal Alignment
Chapter 4: Job Analysis
Chapter 5: Job-Based Structures and Job Evaluation
Chapter 6: Person-Based Structures

Part Three - External Competitiveness: Determining the Pay Level
Chapter 7: Defining Competitiveness
Chapter 8: Designing Pay Levels, Mix, and Pay Structures

Part Four - Employee Contributions: Determining Individual Pay
Chapter 9: Pay-for-Performance: The Evidence
Chapter 10: Pay-for-Performance Plans
Chapter 11: Performance Appraisals

Part Five - Employee Benefits
Chapter 12: The Benefit Determination Process
Chapter 13: Benefit Options

Part Six - Extending the System
Chapter 14: Compensation of Special Groups
Chapter 15: Union Role in Wage and Salary Administration
Chapter 16: International Pay Systems

Part Seven - Managing the System
Chapter 17: Government and Legal Issues in Compensation
Chapter 18: Management: Making It Work

NEW FEATURES

All chapters have been revised. Each includes updated comparison of the pay strategies or practices used in specific, named companies. Some of these are well established and successful (Apple, IBM, Microsoft, Merrill Lynch, Nucor, Toyota ), some face real problems (American Airlines, Best Buy, General Motors), and others are using unique practices (Google, Whole Foods).
Greater emphasis is given to theoretical advances and evidence from research. Throughout the book the authors translate the evidence into guidance for improving the management of pay.
Chapters 12 and 13 have been heavily revised, reflecting the warp speed changes in benefits' practices.
New! Nucor, a manufacturing success story in the United States, is now highlighted in Chapters 1 and 2.

RETAINED FEATURES

The 11th edition continues to emphasize the importance of total compensation advantage and reinforces the idea that beyond how much people are paid, how they are paid really matters.
Ethics, values and the apparent absence of standards of conduct in compensation management, so widely reported in today's headline news and dissected in blogs, are discussed throughout.
Your Turn Exercises are real-life exercises that ask the student to apply the concepts and techniques discussed in each chapter.
In each chapter, Internet Exercises called "e-Compensation" help students learn where to find compensation material on the web.
The global flavor of this text has been retained; it contains an international chapter plus global examples throughout all chapters.
The authors also publish Cases in Compensation, an integrated case designed to provide additional practical skills applying the material in this book. The casebook is NOT a McGraw-Hill/Irwin product, but it is made available directly from the authors (telephone 310-450-5301; e-mail gtm1@cornell.edu). Completing the integrated case helps students develop skills readily transferable to future jobs and assignments. Instructors are invited to call for more information on how Cases in Compensation can help translate compensation research and theory into practice and build competencies for on the job decisions.

(http://highered.mheducation.com/sites/007802949x/information_center_view0/feature_summary.html)

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