Much of this guide’s longtime success comes from the extraordinary team of highly respected experts from business and academia who share their authoritative knowledge on every aspect of compensation, and this latest edition features more than two dozen new contributors leading the field in their specialties. From using “big data” to solidify compensation decisions to building compensation programs that adapt to rapidly changing business and workforce scenarios to executing successful plays for new talent, retaining essential staffers, and encouraging skill development—The Compensation Handbook, Sixth Edition continues to be a groundbreaking tool that forward-thinking compensation professionals and HR practitioners can use to substantially add value to their companies today and in the future.
From the Publisher
The most relied-on guide in the industry—now with strategic insight for using compensation strategies and practices to create competitive business advantageThe Compensation Handbook has been a mainstay on the desks of human resources and compensation professionals for more than forty years—and now this revised Sixth Edition continues t...
other books by Lance Berger
Kobo ebook|Dec 10 2010
Kobo ebook|Jun 1 2008
Kobo ebook|Nov 10 2010
The following ISBNs are associated with this title:
ISBN - 10:0071836993
ISBN - 13:9780071836999
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Table of Contents
PART I: INTRODUCTION1 The State of the Compensation Practice 3Lance A. Berger2 Using a Total Rewards Strategy to Achieve Competitive Advantage 13Steven E. Gross and Mandy Rook3 Aligning Total Compensation Programs with Organization Values and Strategy 27Thomas B. Wilson4 Winning Compensation Strategies for Organizational Sustainability 35Dorothy R. Berger5 Excelling as a Compensation Professional 45Brian Moore and Sue Holloway6 Emerging Compensation Issues 53Joseph J. Martocchio
PART II: BASE SALARY7 Positioning Salary Structures within the Total Rewards Context 63Andrew S. Rosen8 Selecting and Developing a Salary Structure 81Michael Armstrong9 Making Merit Pay and Bonuses Matter 89Myrna Hellerman and James Kochanski10 The Purpose and Nature of Job Evaluation 97Michael Armstrong and Paul Thompson11 Optimizing the Use of Salary Surveys 105Tim Brown12 Rationale for and Approaches to Benchmarking 119Tom McMullen and Iain Fitzpatrick13 Paying for Skills, Knowledge, and Competencies 135Gerald E. Ledford, Jr.14 Using Nonmonetary Awards to Support Behaviors that Drive Business Results 143Melissa Van Dyke
PART III: VARIABLE COMPENSATION15 Choosing the Incentive Compensation Programthat Best Promotes Performance 157Linda E. Amuso16 Designing and Implementing Effective Variable Pay Programs 169Erin C. Packwood17 Aligning Sales Compensation Plan Design with Talent Retention Strategy 179Jerome A. Colletti and Mary S. Fiss18 Developing and Applying a Return-on-Investment Methodology to Drive Sales Force Performance 191Rebecca Sandberg and Carrie Ward19 Creating a Culture of Collaboration, Innovation,and Performance through Team-Based Incentives 199Luis R. Gomez-Mejia and Monica Franco-Santos20 Revolutionizing Workplace Culture through Scanlon Gain Sharing 211Dow Scott and Paul Davis
PART IV: EXECUTIVE COMPENSATION21 Formulating and Implementing an Executive Compensation Strategy 225Ted Buyniski22 Designing and Executing Long-Term Incentive Plans 235Ben Burney and Bill Gentry23 Regulating Executive Compensation 249Frank P. VanderPloeg24 Formulating Executive Employment Agreements 265Andrea S. Rattner25 Cracking the Secret Code of Long-Term Incentives in Private Companies 281Myrna Hellerman and Yelena Stiles
PART V: COMPENSATION AND THE BOARD26 The Compensation Committee and Executive Pay 289Seymour Burchman and Blair Jones27 Dynamics of CEO Pay 307David Swinford and Jane Park28 Board Compensation 315Nora McCord29 Structuring Board and Executive Pay 325Bruce R. Ellig30 Compensation Committee of the Board 333Robert H. Rock31 Creating an Effective CEO Succession-Planning Process 343James F. Reda and Molly A. Kyle
PART VI: PERFORMANCE AND COMPENSATION32 A Framework for Designing a Performance-Management Process 355Charles H. Fay33 Choosing a Performance-Appraisal System 363Martin G. Wolf34 Linking Compensation to Competitive Business Value 383Mark Graham Brown35 Using Financial Rewards to Drive Productivity 391Christian M. Ellis36 New Developments and Issues in Pay for Performance 397Mark D. Cannon37 Making Calibration an Integral Part of a Performance-Appraisal System 409Dick Grote38 Guidelines for Effective Executive Performance Appraisals 423James F. Reda and Molly A. Kyle
PART VII: TALENT MANAGEMENT AND COMPENSATION39 Employing Novel Ways to Use Compensation to Win the Talent Wars 441Deborah Rees40 Strengthening the Link between Compensation and Return on Investment 451Mel Stark and Mark Royal41 Incorporating Work/Life Effectiveness into a Total Rewards Strategy 463Kathleen M. Lingle42 A Methodology for Effectively Communicating Compensation Programs 471John A. Rubino
PART VIII: GLOBAL COMPENSATION43 Critical Expatriate Compensation Issues and Practices 481Roger Herod44 Global Local National Compensation Issues and Practices 493Jordan Blue, Ed Hannibal, and Ilene Siscovick45 Employing Novel Compensation Approaches to Compete for Expatriate Talent 503Yvonne McNulty
PART IX: BIG DATA46 A Guide to Realizing the Value of Big Data 521Lance A. Berger47 Using Workforce Analytics to Make Effective Compensation Decisions 529Dan Weber48 Making Better Compensation Decisions in the Age of Big Data 537David B. Turetsky49 Using Big Data to Enhance the Value of Compensation Programs 551Ezra Schneier50 Turning Data into Compensation Information 561Martin G. Wolf51 Exploring New Technologies that EnhanceCompensation Programs 571Mykkah Herner
Contributors 577Index 581