The Compensation Handbook: A State-of-the-Art Guide to Compensation Strategy and Design, Sixth Edition
- 12h 24m
- Dorothy R. Berger (eds), Lance A. Berger
- McGraw-Hill
- 2015
The 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 the tradition with new material and focus on developing a sustainable competitive advantage. The most important revision to date, this transformative edition will enable compensation and human resources practitioners to:
- Provide a road map for creating a fully defined compensation strategy for any organization
- Design and implement an approach for attracting and retaining talent that will remain relevant into the future
- Present programs that allow for the seamless alignment of historic best practices with the latest tools, methods, and diagnostics in compensation
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.
About the Editors
Lance A. Berger is managing partner of Lance A. Berger & Associates, Ltd. in Bryn Mawr, Pennsylvania. He is a recognized consulting authority specializing in compensation, talent management, and change management. He cowrote and coedited the third, fourth and fifth editions of The Compensation Handbook, the first and second editions of The Talent Management Handbook, Management Wisdom from the New York Yankees’ Dynasty, The Change Management Handbook, and Deengineering the Corporation.
Dorothy R. Berger is a partner of Lance A. Berger & Associates, Ltd. She coordinates all organizational activities for the firm and is also a talent management consultant. She cowrote and coedited the fourth and fifth editions of The Compensation Handbook, the first edition and second editions of The Talent Management Handbook, Management Wisdom from the New York Yankees’ Dynasty, The Change Management Handbook, and Deengineering the Corporation.
In this Book
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Preface
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The State of the Compensation Practice
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Using a Total Rewards Strategy to Achieve Competitive Advantage
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Aligning Total Compensation Programs with Organization Values and Strategy
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Winning Compensation Strategies for Organizational Sustainability
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Excelling as a Compensation Professional
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Emerging Compensation Issues
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Positioning Salary Structures within the Total Rewards Context
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Selecting and Developing a Salary Structure
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Making Merit Pay and Bonuses Matter
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The Purpose and Nature of Job Evaluation
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Optimizing the Use of Salary Surveys
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Rationale for and Approaches to Benchmarking
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Paying for Skills, Knowledge, and Competencies
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Using Nonmonetary Awards to Support Behaviors that Drive Business Results
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Choosing the Incentive Compensation Program that Best Promotes Performance
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Designing and Implementing Effective Variable Pay Programs
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Aligning Sales Compensation Plan Design with Talent Retention Strategy
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Developing and Applying a Return-on-Investment Methodology to Drive Sales Force Performance
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Creating a Culture of Collaboration, Innovation, and Performance through Team-Based Incentives
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Revolutionizing Workplace Culture through Scanlon Gain Sharing
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Formulating and Implementing an Executive Compensation Strategy
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Designing and Executing Long-Term Incentive Plans
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Regulating Executive Compensation
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Formulating Executive Employment Agreements
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Cracking the Secret Code of Long-Term Incentives in Private Companies
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The Compensation Committee and Executive Pay
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Dynamics of CEO Pay
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Board Compensation
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Structuring Board and Executive Pay
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Compensation Committee of the Board
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Creating an Effective CEO Succession-Planning Process
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A Framework for Designing a Performance-Management Process
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Choosing a Performance-Appraisal System
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Linking Compensation to Competitive Business Value
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Using Financial Rewards to Drive Productivity
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New Developments and Issues in Pay for Performance
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Making Calibration an Integral Part of a Performance-Appraisal System
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Guidelines for Effective Executive Performance Appraisals
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Employing Novel Ways to Use Compensation to Win the Talent Wars
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Strengthening the Link between Compensation and Return on Investment
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Incorporating Work/Life Effectiveness into a Total Rewards Strategy
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A Methodology for Effectively Communicating Compensation Programs
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Critical Expatriate Compensation Issues and Practices
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Global Local National Compensation Issues and Practices
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Employing Novel Compensation Approaches to Compete for Expatriate Talent
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A Guide to Realizing the Value of Big Data
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Using Workforce Analytics to Make Effective Compensation Decisions
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Making Better Compensation Decisions in the Age of Big Data
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Using Big Data to Enhance the Value of Compensation Programs
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Turning Data into Compensation Information
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Exploring New Technologies that Enhance Compensation Programs
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Contributors
