Description
As the leading book in its field, Compensation Management offers a practical exploration of the systems, methods, and procedures involved in establishing and administering a compensation system within any organization. In-depth explanations of the procedures involved in establishing and administering a compensation system including, analyzing work requirements and designing a job, determining job worth, establishing job rates of pay, the elements of a total compensation package, and the importance of labor costs in a modern economy. For compensation managers, HR professionals, and others who want to know about the aspects of establishing and administering a compensation system.
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Recognizing the important role played by compensation in modern organizations, this text concentrates on how organizations design and administer their base pay programs for most employees, and also reviews in lesser detail what organizations are doing to expand their base pay opportunities. Early chapters provide an overview of compensation management and organization reward systems, while later chapters offer a microanalysis of compensation and explain how a base pay program is expanded into a total compensation system. This ninth edition reflects post-September 11th conditions. Henderson is professor emeritus of Georgia State University. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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