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Compensation Management in a Knowledge-Based World

by: Henderson, Richard I.

Compensation Management in a Knowledge-Based World

by: Henderson, Richard I.

ISBN 13:
9780130866820
ISBN 10:
0130866822
Edition: 8th
Format: Hardcover
Copyright: 12/01/1999
Publisher: Prentice Hall
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Summary

This text offers a practical exploration of the systems, methods, and procedures involved in establishing and administering a compensation system within any organization.

Preface

PART I: MACROECONOMIC COMPENSATION CONCEPTS

Compensation in a Knowledge-Based Global Economy

(13)

Capitalism and Knowledge in a Global Economy

(1)

Compensation and Organizational Strategy

(1)

Integrating Knowledge and Skill Requirements, Organization Compensation, and Employee Income

(1)

Lifestyle and Compensation

(1)

Pay and Social Class

(8)

Summary

(1)

Review Questions

(1)

The Reward System: Compensation and Noncompensation Dimensions

(12)

The Reward System

(1)

Compensation System

(2)

Compensation Dimensions

(4)

Noncompensation System

(4)

Summary

(1)

Review Questions

(1)

The World of Pay and Compensation

(29)

The Compensation Program

(2)

Determining Rates of Pay

(7)

Jobs and Pay in the United States

(6)

A World in Transition

(1)

Summary

(1)

Review Questions

(13)

Appendix 3A: Economic Theories

(13)

Organizational Structure: Strategic and Tactical Compensation Issues

(35)

Development of an Organization

(3)

Employees---A Critical Resource

(1)

Division of Labor

(1)

Creating an Organizational Hierarchy

(3)

Board of Directors

(2)

Senior Management

(4)

Operating Managers

(1)

Sales Personnel

(3)

Professionals

(2)

Operative Employees

(8)

Pay Relationships:A Fairness Issue

(5)

Summary

(1)

Review Questions

(1)

Legislation and Compensation

(37)

The Legislative Process

(1)

Wage and Hour Legislation

(6)

Employee Pension and Welfare (Benefits) Legislation

101

(8)

Tax Treatment Legislation

109

(5)

Antidiscrimination in Employment Legislation

114

(9)

Wage and Price Control Legislation

123

(1)

Legislation Affecting Public Employees

124

(1)

Summary

125

(1)

Review Questions

126

(3)

PART II: MICROECONOMIC COMPENSATION CONCEPTS

Job Analysis

129

(39)

Preliminary Considerations

131

(1)

Planning a Job Analysis Program

131

(8)

Gaining Employee Acceptance and Cooperation

139

(1)

Collecting and Describing Job Data

140

(15)

Reviewing and Revising Job Facts

155

(1)

Designing a Custom-Made Job Analysis Questionnaire

155

(3)

Guidelines for Conducting a Job Analysis Interview

158

(1)

Other Job Analysis Methodologies

159

(1)

Summary

160

(1)

Review Questions

160

(8)

Appendix 6A: Other Job Analysis Methodologies

161

(7)

Job Description

168

(37)

Broad, Generic Job (Class) Descriptions versus Narrow, Specific Job (Position) Descriptions

170

(1)

A Job Contract

170

(1)

Planning, Operations, and Control

171

(3)

Elements of the Job Description

174

(16)

Other Kinds of Information Used in Describing Jobs

190

(3)

Other Ways of Describing Job Facts

193

(3)

Revising Job Descriptions

196

(2)

Using the Computer

198

(5)

Summary

203

(1)

Review Questions

204

(1)

Job Evaluation

205

(51)

Job Requirements and Pay

206

(1)

Job Evaluation Issues

207

(1)

The Intraoccupational and Interoccupational Method of Job Classification

208

(2)

Whole Job Ranking

210

(1)

Position (Job) Classification-Predetermined Grading Approach

211

(3)

A Market Pricing Approach

214

(2)

The Maturity Curve Method

216

(1)

The Development and Use of Compensable Factors

217

(13)

Weighting and Rating of Compensable Factors

230

(6)

Job Evaluation and Comparable Worth

236

(4)

Summary

240

(1)

Review Questions

241

(15)

Appendix 8A:Paired-Comparison Procedures

241

(3)

Appendix 8B:Other Job Evaluation Methods

244

(7)

Appendix 8C:Using Multiple Regression Analysis in Questionnaire-Based Job Evaluation

251

(5)

Job Evaluation:Two Point-Factor Methods

256

(48)

Combining Point-Factor and Factor-Comparison Methods

257

(1)

Job Evaluation Committee

258

(5)

Using FES to Determine Job Worth

263

(21)

Using the Hay Plan to Determine Job Worth

284

(15)

Comparing FES and Hay

299

(3)

Summary

302

(1)

Review Questions

302

(2)

Surveying Market Pay and Compensation Practices

304

(40)

Critical Pay Survey Problems

305

(3)

Determining the Need for a Survey

308

(4)

Preparing for the Survey

312

(5)

Identifying Survey Methods

317

(10)

Designing the Survey

327

(6)

Performing a Statistical Analysis of the Data

333

(4)

Using Third-Party Surveys

337

(1)

Sources of Third-Party Data

338

(4)

Summary

342

(1)

Review Questions

343

(1)

Designing a Base Pay Structure

344

(38)

Pay Structure Architecture

345

(25)

Interlocking Multiple Pay Structures

370

(1)

The Expanding or Fan-Type Pay Structure: An Optional Approach

371

(4)

Architectural Design Hints

375

(1)

Pay Sectors and Levels of Education, Experience, and Training

376

(1)

Spreadsheet Software

377

(1)

Summary

377

(1)

Review Questions

378

(4)

Appendix 11A:The Least-Squares Method for Determining Line of Best Fit (Trend Line)

379

(3)

Team-Based Pay in a Knowledge-Based World

382

(25)

Kinds of Teams

383

(5)

Use of Skill, Knowledge, and Competency-Based Pay

388

(16)

Summary

404

(1)

Review Questions

404

(1)

References

404

(3)

PART III: MICRO-AND MACROECONOMIC COMPENSATION CONCEPTS

Measuring and Paying for Performance

407

(39)

Pay for Performance in a Knowledge-Oriented, Service-Sector Economy

408

(1)

Application of Motivation Theories

409

(9)

Merit Pay

418

(2)

Performance Appraisal:Issues and Opportunities

420

(7)

Performance Appraisal:A Cost-Effectiveness Analysis

427

(2)

Designing a Job Content-Based Performance Appraisal Program

429

(6)

Other Critical Performance Appraisal-Related Issues

435

(5)

Summary

440

(1)

Review Questions

441

(5)

Appendix 13A:Ranking and Rating Instruments and Formats

441

(2)

Appendix 13b:Validity and Reliability

443

(3)

Short-Term Incentives

446

(37)

Premiums and Differentials

447

(4)

Pay for Units Produced

451

(1)

Individual-Based Bonuses and Awards

452

(6)

Aggregating Employees for Incentive Opportunities

458

(4)

Organizationwide Short-Term Incentives

462

(11)

Summary

473

(1)

Review Questions

473

(10)

Appendix 14A: Setting Standards and Designing Incentives for an Industrial Economy

474

(5)

Appendix 14B: Two Other Kinds of Gainsharing Plans

479

(4)

Long-Term Incentives and Wealth Building

483

(20)

Wealth and Work in the United States

484

(1)

Tax Legislation

485

(1)

Designing a Long-Term Incentive and Deferred Compensation Plan

486

(3)

Qualified Deferred Compensation Arrangements

489

(13)

Summary

502

(1)

Review Questions

502

(1)

Executive and International Compensation

503

(38)

Executive Compensation

504

(7)

Capital Accumulation

511

(3)

Maximizing Executive Compensation Opportunities

514

(5)

International Compensation

519

(4)

Summary

523

(1)

Review Questions

524

(17)

Appendix 16A: Tax Legislation-Related Terms

524

(6)

Appendix 16B: Stock and Stock Equivalent Acquisition Plans

530

(8)

Appendix 16C: Special Corporate Insurance Programs

538

(3)

Benefits and Services

541

(56)

Benefits Administration

546

(2)

Employee Benefits

548

(24)

Employee Services

572

(11)

Funding Benefits Through a VEBA

583

(1)

Costing Benefits

584

(1)

Flexible Compensation/Benefits Plan (Cafeteria Plans)

585

(10)

Summary

595

(1)

Review Questions

596

(1)

Pay Delivery Administration

597

(42)

Tying It All Together

598

(2)

The Budget Process

600

(2)

Administration of Pay

602

(22)

Quality of Work Life and Pay Administration

624

(2)

Other Compensation Administration Issues

626

(7)

Due Process

633

(4)

Summary

637

(1)

Review Questions

638

(1)

Action Words

639

(10)

Glossary of Items

649

(28)

Compensation Administration

649

(20)

Employee Welfare and Pension Benefits

669

(5)

Legislative-Related Terms

674

(3)

Name Index

677

(2)

Subject Index

679

Amazon no longer offers textbook rentals. We do!

Compensation Management in a Knowledge-Based World

Compensation Management in a Knowledge-Based World

9780130866820

0130866822

Summary

Author Biography

Table of Contents

Supplemental Materials

Write a Review

Amazon no longer offers textbook rentals. We do!

Compensation Management in a Knowledge-Based World

Compensation Management in a Knowledge-Based World

9780130866820

0130866822

Summary

Author Biography

Table of Contents

Supplemental Materials

Write a Review

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