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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

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Summary

  • Learning Objective 1: Pay structures assign different pay rates for jobs of unequal worth and provide the framework for recognizing differences in individual employee contributions. Compensation professionals develop pay structures based on five steps: deciding on a number of pay structures, determining the market pay line, defining pay grades, calculating pay ranges for each pay grade, and evaluating the results.

  • Learning Objective 2: Merit pay systems reward employees for past performance. The key considerations include merit ...

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Publisher Resources

ISBN: 9780134320540