Compensation 10th Edition by George Milkovich and Jerry Newman

Compensation 10th Edition by George Milkovich, Jerry Newman and Barry Gerhart presents in depth discussion of matters, integration of Web coverage, excellent pedagogy, and a truly engaging writing style. This text examines the strategic decisions in managing complete compensation. The total compensation model launched in chapter one serves as an integrating framework all through the book.

The authors focus on major compensation points within the context of current principle, research, and actual-business practices. Authors strive to differentiate between beliefs and opinions from details and scholarly research.

They showcase practices that illustrate new developments in compensation practices in addition to established approaches to compensation decisions. Time after time, adopters relay tales of scholars getting job provides based on the data they realized from this book. All chapters have been revised. Every one consists of up to date comparisons of the pay methods or practices used in specific, named companies.

Some of these are well established and profitable companies, some face actual problems and others are utilizing distinctive practices (Google, Complete Meals). This edition continues to emphasise the importance of complete compensation and its relevance for attaining sustainable competitive advantage. Managing pay means ensuring that the suitable people get the fitting pay for achieving targets in the right way. Throughout the book we translate this proof into steering for improving the human resource management. Chapter 2 explains how you can craft a total compensation technique and easy methods to analyze methods used by competitors.

Chapters on performance-based mostly pay dig into all types of variable pay corresponding to inventory choices, profit sharing, acquire sharing, and group-based mostly approaches. Adjustments in aggressive market analysis attributable to outsourcing and global competitors are covered, in addition to the increased use of market pricing and broad banding. Worker advantages, at all times altering and always vital, are covered in two chapters.

Chapter 14 broadens its dialogue of board-of-director compensation, executive compensation, and sales compensation. Software program to help each staff and supervisor decisions is covered, and now we have renewed the deal with measuring the value gained from pay systems. Each chapter has hyperlinks to attention-grabbing Internet sites that open up precious info sources associated to compensation and benefits.

Book Details

Hardcover: 736 pages
Publisher: McGraw-Hill/Irwin; 11 edition (January 10, 2013)
Language: English
ISBN-10: 007802949X

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Posted in: Human Resources