Straight answers to your compensation questions An A-to-Z guide to compensation strategy and design, Compensation Handbook, Fourth Edition, has been completely revised and updated to keep you on top of the important changes that have taken place in this area. Editors Lance A. Berger and Dorothy R. Berger have assembled articles by leading compensation practitioners to give you authoritative solutions to a wide range of specific compensation problems. This important new edition shares with you the best thinking on attracting and retaining outstanding employees in a tight market...executive compensation...computers and compensation...how to use a mix of compensation devices...and much, much more.
Praise for The WorldatWork Handbook of Compensation, Benefits & Total Rewards This is the definitive guide to compensation and benefits for modern HR professionals who must attract, motivate, and retain quality employees. Technical enough for specialists but broad in scope for generalists, this well-rounded resource belongs on the desk of every recruiter and HR executive. An indispensable tool for understanding and implementing the total rewards concept, the WorldatWork Handbook of Compensation, Benefits, and Total Rewards is the key to designing compensation practices that ensure organizational success. Coverage includes: Why the total rewards strategy works Developing the components of a total rewards program Common ways a total rewards program can go wrong Designing and implementing a total rewards program Communicating the total rewards vision Developing a compensation philosophy and package FLSA and other laws that affect compensation Determining and setting competitive salary levels And much more
An insightful, hands-on focus on the statistical methods used by compensation and human resources professionals in their everyday work Across various industries, compensation professionals work to organize and analyze aspects of employment that deal with elements of pay, such as deciding base salary, bonus, and commission provided by an employer to its employees for work performed. Acknowledging the numerous quantitative analyses of data that are a part of this everyday work, Statistics for Compensation provides a comprehensive guide to the key statistical tools and techniques needed to perform those analyses and to help organizations make fully informed compensation decisions. This self-contained book is the first of its kind to explore the use of various quantitative methods—from basic notions about percents to multiple linear regression—that are used in the management, design, and implementation of powerful compensation strategies. Drawing upon his extensive experience as a consultant, practitioner, and teacher of both statistics and compensation, the author focuses on the usefulness of the techniques and their immediate application to everyday compensation work, thoroughly explaining major areas such as: Frequency distributions and histograms Measures of location and variability Model building Linear models Exponential curve models Maturity curve models Power models Market models and salary survey analysis Linear and exponential integrated market models Job pricing market models Throughout the book, rigorous definitions and step-by-step procedures clearly explain and demonstrate how to apply the presented statistical techniques. Each chapter concludes with a set of exercises, and various case studies showcase the topic's real-world relevance. The book also features an extensive glossary of key statistical terms and an appendix with technical details. Data for the examples and practice problems are available in the book and on a related FTP site. Statistics for Compensation is an excellent reference for compensation professionals, human resources professionals, and other practitioners responsible for any aspect of base pay, incentive pay, sales compensation, and executive compensation in their organizations. It can also serve as a supplement for compensation courses at the upper-undergraduate and graduate levels.
Publisher's Note: Products purchased from Third Party sellers are not guaranteed by the publisher for quality, authenticity, or access to any online entitlements included with the product. The definitive guide for HR and compensation professionals—revised to help you achieve a sustainable competitive advantage for your company The theme of the sixth edition of the classic compensation guide aligns with business’s number-one goal today: achieving a sustainable competitive advantage. The Compensation Handbook shows you how to deal effectively with five strategic human capital issues: innovation, attracting talent and retention, big data, workforce changes, business advantage through compensation programs.
Most organizations fail to pay their employees properly-not because they don't want to, but because they don't approach compensation with a plan. The compensation landscape is changing rapidly. If you don't pay your employees what they're worth, not only will your competitors leave you behind, but you'll also leave yourself open to legal, social, and political backlash. As an HR professional or manager, how do you navigate the confusing world of compensation? Pay Matters is your go-to guide for demystifying the art and science of compensation. Step-by-step, David Weaver explains how to perform a detailed market analysis that reveals exactly how much each position in your organization should be paid. You'll also learn how to develop a pay philosophy specifically tailored to your organization and strike the elusive balance between profit and labor costs. With precisely calibrated base salaries, rewards programs, and enticing incentives, you'll be able to keep your best employees. Don't leave salaries open to the caprices of your organization's senior leaders. Approach them confidently with a proven methodology. After all, pay matters.
Equip yourself to manage, motivate, compensate, and reward everyone in this workplace revolution The future of work is here. From the shift to Millennials and Gen Z in the workforce to the advent of the Fourth Industrial Revolution and the Gig Economy, the world of work and rewards has significantly changed since the initial WorldatWork Handbook was published. Human resources and total rewards professionals need tools to equip them to manage a changing workforce. This completely revised second edition addresses the challenging and disruptive issues facing employers today and tomorrow. The WorldatWork Handbook of Total Rewards is the definitive authority on compensation and rewards from the leading global nonprofit organizations for professionals who are engaged in the critically important practice of total rewards. This book is a go-to resource for all business professionals and leaders who reward and create productive, committed and inspired workforces worldwide. Readers will learn the basics of rewards, along with a deep dive and high-level view of how rewards programs enable organizations to deliver on their brand promises and perform at their optimal level. Gain a thorough understanding of compensation and benefits, along with employee well-being, development, and recognition, all updated to address the realities of today’s workplace. Understand why the Millennial and Gen Z workforce requires a different value proposition, and how to meet their needs. Discover the tools and techniques you need to help you reskill and become a highly valued workforce contributor and leader in the digital era. Learn how to attract, retain, and engage talent by building a healthy workplace culture and employing unique incentives that drive high performance and loyalty. Technical enough for specialists but broad in scope for managers and HR generalists, this well-rounded resource belongs on the desk of anyone interested in organizational effectiveness. An indispensable tool for understanding and implementing the total rewards concept, The WorldatWork Handbook of Total Rewards, Second Edition is the key to designing programs and practices that ensure employee engagement and organizational success.
A practical guide to a complex subject, The Executive Compensation Handbook provides guidance for understanding, negotiating and dividing these assets in divorce cases. These assets include a dizzying array of arrangements, plans, bonuses, and agreements that can seem overwhelming. This handbook offers a practical guide to understanding, negotiating, and dividing assets that fall into the broad category of executive compensation. Based on the authors' experience in the area, they offer guidance on how to avoid the common pitfalls associated with these important and complicated assets while providing essential information to clearly explain these issues to clients and judges. In clear, accessible language, the authors explain how to gather information, negotiate settlements, divide executive compensation plans, and draft separation agreements, as well as to use in drafting court financial statements where income needs to be disclosed. Topics range from the common types of executive compensation to valuation and issues in dividing assets to practical drafting tips and techniques.
The 2013 Edition of this handbook is the only practical guide published on the Defense Base Act and War Hazards Compensation Act. The two primary federal statutes which address these matters are the Defense Base Act ("DBA") [42 U.S.C.S. ℗ʹ 1651 et seq.] and the War Hazards Compensation Act ("WHCA") [42 U.S.C.S. ℗ʹ 1701 et seq.]. The general purpose of the DBA is to provide uniform and generous compensation benefits to certain civilian employees "domestic and foreign" of private companies doing work overseas in furtherance of American foreign policy. The general purpose of the WHCA is to shift to the United States government the costs of compensating certain civilian employees "domestic and foreign" of private companies who are working overseas in furtherance of American foreign policy and are injured or killed by a war risk hazard.Much has happened in the DBA world since our first and second editions went to press in 2008 and 2010. While there has been a significant wind-down of civilian contractors in Iraq, significant numbers continue to be employed to assist the efforts of the United States in its military activity in Afghanistan as well as in "public work" around the globe. Moreover, the "tail" from Iraq will be with us for many years to come. As you will see in this 2013 edition, we emphasize new case law in the areas of average weekly wage, exclusivity benefits under the DBA, adjudication and appeals and War Hazards Compensation Act. We have expanded the chapter on the War Hazards Compensation Act to include interesting "Bulletins" from the U.S. Department of Labor agencies involved with the administration of this law. We have also added a new chapter, Chapter 14, on claimant attorney fees--a topic that has been the subject of much controversy in recent years at the administrative, trial and appellate levels in both traditional Longshore and Defense Base Act cases.This handbook combines expert analysis of the substantive law with practice tips and other helpful tools. The handbook is written for attorneys, insurance companies, claims adjusters, judges, defense contractors, injured workers, and others. It provides the reader with a basic introduction to the Defense Base Act, its history and purpose, current events, and a list of common acronyms and terminology. The handbook discusses coverage issues, underwriting, waivers, exclusivity rules, types of benefits, the claims process, discovery issues, average weekly wage calculations, zone of special danger doctrine, commutations, settlements, and death benefits. There's also a chapter on the War Hazards Compensation Act and how benefits are obtained under that Act. At the end of the handbook, a full reprint of Defense Base Act and War Hazards Compensation Act statutes and the Longshore Harbor and Workers' Compensation Act statutes are provided.
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.
