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Compensation Management : Knowledge of Base World

ISBN: 9780135773390 | 0135773393
Edition: 7th
Format: Hardcover
Publisher: Prentice-Hall, Incorporated
Pub. Date: 12/1/1996

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SummaryTable of Contents
This book takes a practical "nuts and bolts" approach to compensation. Updated and new information on: broadbanding; team-based pay (see Ch. 12); Rescissions Act of 1995. Managed care, HMO's, PPO's, and PCCMS; and non-traditional practices. All data has been updated to reflect 95-96 information.
Prefacevii
PART I: MACROECONOMIC COMPENSATION CONCEPTS1(124)
CHAPTER 1 Compensation in a Knowledge-Based World
3(11)
Integrating Kno... MORE
4(1)
Lifestyle and Compensation
5(1)
Pay and Social Class
5(8)
Review Questions
13(1)
CHAPTER 2 The Reward System: Compensation and Noncompensation Dimensions
14(12)
The Reward System
14(1)
Compensation System
15(1)
Compensation Dimensions
16(4)
Noncompensation System
20(4)
Summary
24(1)
Review Questions
25(1)
CHAPTER 3 The World of Pay and Compensation
26(30)
The Compensation Program
26(2)
Determining Rates of Pay
28(7)
Jobs and Pay in the USA
35(6)
A World in Transition
41(1)
Summary
42(1)
Review Questions
42(1)
Appendix 3: Economic Theories
42(14)
CHAPTER 4 Organizational Structure: Strategic and Tactical Compensation Issues
56(35)
Development of an Organization
57(2)
Employees--A Critical Resource
59(2)
Division of Labor
61(1)
Creating an Organizational Hierarchy
62(3)
Board of Directors
65(1)
Senior Management
66(5)
Operating Managers
71(1)
Sales Personnel
72(3)
Professionals
75(1)
Operative Employees
76(8)
Pay Relationships: A Fairness Issue
84(4)
Summary
88(2)
Review Questions
90(1)
CHAPTER 5 Legislation and Compensation
91(34)
The Legislative Process
93(1)
Wage and Hour Legislation
94(5)
Employee Pension and Welfare (Benefits) Legislation
99(9)
Tax Treatment Legislation
108(4)
Antidiscrimination in Employment Legislation
112(8)
Wage and Price Control Legislation
120(2)
Legislation Affecting Public Employees
122(1)
Summary
123(1)
Review Questions
123(2)
PART II: MICROECONOMIC COMPENSATION CONCEPTS125(174)
CHAPTER 6 Job Analysis
127(39)
Preliminary Considerations
128(1)
Planning A Job Analysis Program
129(7)
Gaining Employee Acceptance and Cooperation
136(1)
Collecting and Describing Job Data
137(13)
Reviewing and Revising Job Facts
150(1)
Designing A Custom-Made Job Analysis Questionnaire
150(5)
Guidelines for Conducting A Job Analysis Interview
155(2)
Other Job Analysis Methodologies
157(1)
Summary
157(1)
Review Questions
158(1)
Appendix 6: Other Job Analysis Methodologies
158(8)
CHAPTER 7 Job Description
166(36)
Broad, Generic Job (Class) Descriptions versus Narrow, Specific Job (Position) Descriptions
167(1)
A Job Contract
167(1)
Planning, Operations, and Control
168(3)
Elements of the Job Description
171(16)
Other Kinds of Information Used in Describing Jobs
187(3)
Other Ways of Describing Job Facts
190(4)
Revising Job Descriptions
194(1)
Using the Computer
195(5)
Summary
200(1)
Review Questions
201(1)
CHAPTER 8 Job Evaluation
202(49)
Job Requirements and Pay
202(1)
Job Evaluation Issues
202(3)
The Intraoccupational and Interoccupational Method of Job Classification
205(1)
Whole Job Ranking
206(2)
Position (Job) Classification--Predetermined Grading Approach
208(2)
A Market Pricing Approach
210(2)
The Maturity Curve Method
212(1)
The Development and Use of Compensable Factors
213(13)
Weighting and Rating of Compensable Factors
226(6)
Job Evaluation and Comparable Worth
232(4)
Summary
236(1)
Review Questions
236(1)
Appendix 8A: Paired-Comparison Procedures
237(3)
Appendix 8B: Other Job Evaluation Methods
240(6)
Appendix 8C: Using Multiple Regression Analysis in Questionnaire-Based Job Evaluation
246(5)
CHAPTER 9 Job Evaluation: Two Point-Factor Methods
251(47)
Combining Point-Factor and Factor-Comparison Methods
252(1)
Job Evaluation Committee
253(4)
Using FES to Determine Job Worth
257(20)
Using the Hay Plan to Determine Job Worth
277(17)
Comparing FES and Hay
294(2)
Summary
296(1)
Review Questions
297(1)
CHAPTER 10 Surveying Market Pay and Compensation Practices
298(40)
Critical Pay Survey Problems
298(4)
Determining the Need for a Survey
302(4)
Preparing for the Survey
306(5)
Identifying Survey Methods
311(4)
Designing the Survey
315(12)
Performing a Statistical Analysis of the Data
327(4)
Using Third-Party Surveys
331(1)
Sources of Third-Party Data
332(5)
Summary
337(1)
Review Questions
337(1)
CHAPTER 11 Designing A Base Pay Structure
338(38)
Pay Structure Architecture
339(25)
Interlocking Multiple Pay Structures
364(1)
The Expanding or Fan-Type Pay Structure: An Optional Approach
365(3)
Architectural Design Hints
368(2)
Pay Sectors and Levels of Education, Experience, and Training
370(1)
Spreadsheet Software
370(1)
Summary
371(1)
Review Questions
372(1)
Appendix 11: The Least-Squares Method for Determining Line of Best Fit (Trend Line)
372(4)
CHAPTER 12 Team-Based Pay in a Knowledge-Based World
376(23)
Kinds of Teams
377(5)
Use of Skill-, Knowledge-, and Competency-Based Pay
382(15)
Summary
397(1)
Review Questions
397(1)
References
398(1)
PART III: MICRO-MACROECONOMIC COMPENSATION CONCEPTS399(242)
CHAPTER 13 Measuring and Paying for Performance
401(39)
Pay for Performance in a Knowledge-Oriented, Service Sector Economy
402(1)
Application of Motivation Theories
403(9)
Merit Pay
412(2)
Performance Appraisal: Issues and Opportunities
414(7)
Performance Appraisal: A Cost-Effectiveness Analysis
421(2)
Designing A Job Content-Based Performance Appraisal Program
423(7)
Other Critical Performance-Appraisal-Related Issues
430(4)
Summary
434(1)
Review Questions
435(1)
Appendix 13A: Ranking and Rating Instruments and Formats
435(2)
Appendix 13B: Validity and Reliability
437(3)
CHAPTER 14 Short-Term Incentives
440(38)
Premiums and Differentials
440(4)
Pay for Units Produced
444(2)
Individual-Based Bonuses and Awards
446(6)
Aggregating Employees for Incentive Opportunities
452(4)
Organization-Wide Short-Term Incentives
456(12)
Summary
468(1)
Review Questions
468(1)
Appendix 14A: Setting Standards and Designing Incentives for an Industrial Economy
468(5)
Appendix 14B: Two Other Kinds of Gainsharing Plans
473(5)
CHAPTER 15 Long-Term Incentives and Wealth Building
478(50)
Wealth and Work in the United States
478(1)
Tax Legislation
479(2)
Designing a Long-Term Incentive and Deferred Compensation Plan
481(3)
Qualified Deferred Compensation Arrangements--Establishing a Foundation
484(11)
Capital Accumulation--Raising a Superstructure
495(3)
Enclosing the Superstructure: Designing the Interior
498(5)
Executive Compensation--Obscene or Motivational
503(6)
Summary
509(1)
Review Questions
510(1)
Appendix 15A: Tax Legislation-Related Terms
510(6)
Appendix 15B: Stock and Stock Equivalent Acquisition Plans
516(8)
Appendix 15C: Special Corporate Insurance Programs
524(4)
CHAPTER 16 Benefits and Services
528(55)
Benefits Administration
531(4)
Employee Benefits
535(23)
Employee Services
558(11)
Funding Benefits Through a VEBA
569(1)
Costing Benefits
570(2)
Flexible Compensation/Benefits Plan (Cafeteria Plans)
572(10)
Summary
582(1)
Review Questions
582(1)
CHAPTER 17 Pay Delivery Administration
583(58)
Trying It All Together
584(1)
The Budget Process
585(4)
Administration of Pay
589(28)
Quality of Work Life and Pay Administration
617(6)
Other Compensation Administration Issues
623(8)
International Compensation
631(3)
Due Process
634(4)
Summary
638(1)
Review Questions
639(2)
Glossary of Terms641(24)
Compensation Administration641(18)
Employee Welfare and Pension Benefits659(6)
Name Index665(2)
Subject Index667

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