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Fundamentals of Human Resources Management by Diane Arthur

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5

Compensation

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Learning Objectives

By the end of this chapter, you should be able to:

• Define the characteristics of an effective compensation program.

• Write effective generic and specific job descriptions.

• Conduct position evaluations.

• Differentiate between and among various compensation programs.

INTRODUCTION

Joanna and Marcus work as senior compensation analysts in the HR department of a mid-sized bank. Lucy, the VP of compensation, has asked them to put aside whatever they’re working on to conduct a thorough review of the bank’s compensation program. The reason: The bank has just been hit with a salary discrimination class action ...

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