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The Compensation Handbook, Sixth Edition: A State-of-the-Art Guide to Compensation Strategy and Design, 6th Edition by Dorothy Berger, Lance Berger

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1

The State of the Compensation Practice

LANCE A. BERGER

Lance A. Berger & Associates, Ltd.

The first edition of The Compensation Handbook was a snapshot of the compensation practice as it had evolved prior to 1972. Each subsequent edition was a time capsule containing a rich trove of information representing the cumulative successes of its predecessors as well as the best new practices, issues, procedures, and processes that would be useful in the future. This sixth edition extends this evolution of knowledge to the current time. It shows that today’s successful compensation practice has evolved into five blended elements:

1.   Expertise

2.   Codified methodologies

3.   Decision-making tools

4.   Databases

5.   Monitoring

Expertise

Expertise ...

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