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Strategic Compensation: A Human Resource Management Approach, 9/e
book

Strategic Compensation: A Human Resource Management Approach, 9/e

by Joseph J. Martocchio
January 2016
Intermediate to advanced content levelIntermediate to advanced
480 pages
20h 58m
English
Pearson
Content preview from Strategic Compensation: A Human Resource Management Approach, 9/e

Building Blocks and Structure of Strategic Compensation Systems

  1. 4 Identify and discuss the building blocks and structural elements of strategic compensation systems.

As we discussed previously, extrinsic compensation includes both monetary (core compensation) and nonmonetary rewards (employee benefits). Figure 1-2 lists the main compensation building blocks. The building blocks are embedded within a system of three structural elements that ultimately support compensation strategies. These structural elements include internally consistent job structures, market competitive pay structures, and structures that recognize employee contributions.

Figure 1-2

Compensation System Building Blocks

Building Blocks: Core ...

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Publisher Resources

ISBN: 9780134320540