Skip to Main Content
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

Integrating Internal Job Structures with External Market Pay Rates

  1. 3 Describe how compensation professionals integrate internal job structures with external market pay rates.

In Chapter 6, we discussed that compensation professionals use job evaluation methods to establish internally consistent job structures. In other words, companies value jobs that possess higher degrees of compensable factors (e.g., 10 years of relevant work experience) than jobs with fewer degrees of compensable factors (e.g., 1 year of relevant work experience). These valuation differences ultimately should correspond to pay differences based on compensation survey data.

Earlier, we indicated that paying well below or well above the typical market rate for jobs can create ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Human Resource Management 2e

Human Resource Management 2e

Pravin Durai
Strategic Management

Strategic Management

Cornelis A. de Kluyver, John A. Pearce
HR Strategies for Employee Engagement (Collection), Second Edition

HR Strategies for Employee Engagement (Collection), Second Edition

Wayne Cascio, John Boudreau, David Russo, Alison Davis, Jane Shannon

Publisher Resources

ISBN: 9780134320540