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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

Designing and Planning the Benefits Program

  1. 4. Discuss the fundamentals of designing and planning the benefits program.

As noted earlier, discretionary benefits can work strategically by offering protection programs, paid time off, and services. As they plan and manage employee benefits programs, HR professionals should keep these functions in mind. There is probably no single company that expects its employee benefits program to meet all these objectives. Company management, along with union representatives as appropriate, must therefore determine which objectives are the most important for a particular workforce.

Many experts argue that employee input is essential to developing a successful program. Such input helps companies target the limited ...

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Publisher Resources

ISBN: 9780134320540