Strategic Compensation: A Human Resource Management Approach

By Joseph J. Martocchio

Book Overview

Strategic Compensation: A Human Resource Management Approach demonstrates the art and science of compensation practice and its role in a company's competitive advantage. Through focused activities and supporting course material, readers build a solid foundation to become proficient compensation professionals. The Ninth Edition focuses on the context of compensation practice, the criteria used to compensate employees, compensation system design issues, employee benefits, the challenges of compensating key strategic employee groups, and pay and benefits around the world, preparing readers to assume the roles of successful compensation professionals. KEY TOPICS: Strategic Compensation: A Component of Human Resource Systems; Contextual Influences on Compensation Practice; Seniority Pay and Merit Pay; Incentive Pay; Person-Focused Pay; Building Internally Consistent Compensation Systems; Market-Competitive Compensation Systems; Building Pay Structures that Recognize Employee Contributions; Discretionary Benefits; Legally-Required Benefits; Compensating Executives; Compensating the Flexible Workforce; Compensating Expatriates; Pay and Benefits outside the United States; Challenges Facing Compensation Professionals MARKET: For managers and HR professionals interested in understanding compensation practice and strategy.

• Format: Hardcover
• Language: English
• ISBN: 0134320549
• ISBN13: 9780134320540
• Release Date: January 2016
• Publisher: Pearson
• Length: 416 Pages
• Weight: 1.96 lbs.

Customer Reviews

Just as good as the 5th Edition

I figured I would try this book even though my course called for the 5th edition. It's only a six week accelerated course- I would rather pay $8 than $120 for the book. I have not had any problems keeping up- only thing that sets you back a little is when the prof calls out page numbers-by chapter 7, you're about 70 pages ahead. But whatever- I'll take a $110 savings and find the page he's talking about on my own anytime! =)

Strategic Compensation

I received the book in time stated which is 10-14 days and it was in the condition stated.

A User Friendly Approach

Compensation is not the most popular course in the undergraduate curriculum, but this text makes it much more attractive. The examples are very easy to follow and the chapters flow well. As an instructor looking for something to make a very important topic more accessible to students, I was delighted to find this text. I highly recommend it.

Great Learning Tool

I have seen many textbooks that are relentlessly boring due to the author's inability to balance technical and nontechnical jargon. But, this book somehow masters the ability to deliver relevant knowlege in an explicit manner. If you really want to know the foundations of compensating and you do not want to be bombarded by irrelevant wordiness, buy this book.

At last, a text my students like! That's a victory.

This is a well written, comprehensive presentation of compensation and benefits, including such subjects as skill / knowledge based pay and executive and international compensation. Its features include summaries, questions with links to the www, key terms, and thought-provoking "flip side of the coin" and "reflection" inserts. Includes a useful glossary of terms. The author places considerable emphasis on current issues and that is appreciated. I am writing as a reviewer, consultant and university instructor. I use this text in teaching my introductory compensation course at UCLA's School of Business and Management. I have tried many texts that my students bemoaned as too technical, boring, and somniferous. But my students find this text highly readable, understandable and interesting. That's a victory, especially when my students are mostly working HR professionals who drag themselves to class through the clogged freeways of Los Angeles. The least I can offer them is a good textbook; this is it!