This leading introductory text equips students with a solid understanding of the theories, concepts, and principles behind compensation decision-making. The new edition includes very detailed procedures in implementation of compensation practices. Features: * A strong emphasis on labour economics includes an entire chapter devoted to labour markets and labour unions. * Chapter 5 "The Legal Environment" emphasises current legal issues impacting compensation. * Chapter 6 "Compensation Decision Making: A Strategic Perspective" includes coverage of human resource deployment in a global environment. * Chapters 8 and 9 take students step-by-step through the evaluation and job pricing structure. * The text illustrates the importance of understanding the decision-making constraints under which compensation decisions are made and suggests ways to reach the most rational decision. * The text features comprehensive coverage of institutional factors that impact compensation, internal labour markets, economic wage theory, and compensation strategy. * Strategic issues and applications are integrated throughout the text to encourage students to think about the theories they are learning. * Chapters open with learning objectives, highlight key words, and close with thought-provoking discussion questions that prompt student involvement in lively classroom dialogue. New to this edition: * An expanded Chapter 13 "Employee Benefits" features more discussions of key issues in benefit design and administration. * Chapter 15 "Special Compensation Situations" has been expanded to provide more details on the practices of real-world organizations, along with insightful discussions into emerging and growing areas of compensation, including team compensation, merit cash, golden parachutes, two-tier plans, and cultural influences.
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4 of 4 people found the following review helpful:
5.0 out of 5 stars
Excellent text for introductory compensation course!,
By A Customer
This review is from: Compensation Decision Making (The Dryden Press Series in Management) (Hardcover)
This book has been a great supplemental text in my UCLA extension class. I had previously used Richard Henderson's book, Compensation Management, Rewarding Performance, but found that it was too technical for my students. This book, by Frederick Hill, covers all the pertinent areas of compensation that are necessary for an introductory course; presents all the information clearly and concisely, with relevant examples, sample forms and cases. I plan on ordering this book for my next class
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