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The Compensation Handbook [Hardcover]

Lance Berger (Author), Dorothy Berger (Author)
4.3 out of 5 stars  See all reviews (9 customer reviews)

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Book Description

0071496750 978-0071496759 May 19, 2008 5

The Perennial Favorite of HR Professionals Seeking the Most Current, Insightful Reference in the Field

For over thirty-five years, human resources and management professionals have been turning to a single source for the most astute and up-to-date commentary about the state of the industry-The Compensation Handbook. Composed of one-hundred percent brand-new material from more than sixty authorities in the field, this fully updated edition provides direct insight into the most critical issues compensation and human resources professionals face today.

Among the many human-capital topics covered are new reward strategies for attracting and retaining highly qualified employees from America's fast-draining talent pool; addressing the mass retirement of baby boomers-the decade's most vexing HR problem; and responding to the varying needs and desires of a multicultural, multi-generational workforce ranging from the over-sixty traditionalists to the new “Millennials.” The Compensation Handbook illustrates how employee compensation addresses these and many other critical topics, including:

  • Unwrapping the riddle of employee pay
  • Creating a total reward strategy
  • Effectively using competency based pay
  • Utilizing the most effective approaches to broadbanding
  • Applying the best performance management practices
  • Demystifying CEO pay
  • Creating team-based incentives for strong outcomes
  • Rationalizing board compensation
  • Applying a solid program for addressing work-life issues
  • Designing compensation systems that support talent management strategies

Never before has such dramatic changes in the workforce occurred as rapidly as they are today. With economies stretching around the globe and the recent rise of foreign financial giants, among numerous other radical changes in business and industry, those in the field of human resources and compensation are faced with an entirely new catalog of concerns. This long-time industry staple contains all the methods, tools, and diagnostics you'll need to navigate the maze.

Packed with the most comprehensive and insightful information you'll find anywhere, The Compensation Handbook offers not only straightforward answers to specific problems, but also provides a firm foundation for solving issues unique to your company.


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Editorial Reviews

From the Back Cover

The "Bible" of compensation--in a new revised edition. When compensation and human resources professionals need guidance, they turn to The Compensation Handbook. For almost 30 years, The Compensation Handbook has been recognized as the most authoritative reference in the field, providing simple, direct answers to every important problem in compensation. In the current, highly competitive market for employees, no book could be more timely than this Fourth Edition of The Compensation Handbook. Edited by experts Lance and Dorothy Berger, it features 75% completely new material showing you how to attract, retain, and motivate the key employees and executives your business needs. The Compensation Handbook provides: coherent strategies and well-orchestrated planning guidelines for all aspects of compensation; data and guidance from more than 50 top leaders in the field; up-to-date help with base compensation, variable compensation, executive compensation, performance and compensation, compensation and corporate culture, and international compensation; worksheets, checklists, evaluation forms, and other useful instruments; much more. The most informative and authoritative reference on compensation--period--The Handbook of Compensation belongs within arm's reach of any professional who works in the field. --This text refers to an out of print or unavailable edition of this title.

About the Author

Lance A. Berger is CEO of Lance A. Berger & Associates, Ltd., a management consulting firm specializing in compensation, talent management, and change management. He co-wrote De-engineering the Corporation. Dorothy R. Berger is Managing Director of Lance A. Berger & Associates, Ltd. They are both co-authors of Management Wisdom from the New York Yankees' Dynasty and co-editors of The Compensation Handbook, 4th Edition, The Talent Management Handbook,

Product Details

  • Hardcover: 656 pages
  • Publisher: McGraw-Hill; 5 edition (May 19, 2008)
  • Language: English
  • ISBN-10: 0071496750
  • ISBN-13: 978-0071496759
  • Product Dimensions: 9.2 x 7.8 x 1.9 inches
  • Shipping Weight: 2.9 pounds (View shipping rates and policies)
  • Average Customer Review: 4.3 out of 5 stars  See all reviews (9 customer reviews)
  • Amazon Best Sellers Rank: #127,720 in Books (See Top 100 in Books)

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Customer Reviews

9 Reviews
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Average Customer Review
4.3 out of 5 stars (9 customer reviews)
 
 
 
 
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Most Helpful Customer Reviews

57 of 62 people found the following review helpful:
5.0 out of 5 stars The Compensation Handbook, June 26, 2000
As a compensation consultant, I sought a comprehensive guide for all aspects of the field. The 4th edition of The Compensation Handbook provides simple and direct answers for every compensation problem. It is a virtual "who's who" of compensation professionals providing well-constructed, concise information on area of expertise. No matter what information I seek -- from base compensation, variable compensation, executive compensation, performance and compensation, compensation and corporate culture, or international compensation -- I can find pertinent, practical guidance in this one book. Compensation issues that are currently challenging every company - regardless of size, age, industry -- are especially well developed in The Compensation Handbook. The section on Corporate Culture containing chapters on "Culture and Compensation" and "Connecting Compensation, Behaviors, Culture, and Strategy to Win" by William M. Mercer consultants, "Rewarding Scarce Talent" by Patricia Zingheim, "Gaining a Competitive Edge by Improving the Return on Human Capital" by Peter LeBlanc, and "The Role of Work-Life Benefit in the Total Pay Strategy" covers issues that every compensation practitioner or human resources professional will grapple with in the forseeable future. Even the effect of technology and computers on compensation administration are handled in The Compensation Handbook. Information on global compensation strategies is relevant not only to practitioners by to anyone seeking employment on foreign soil or working for a foreign company. The Compensation Handbook is a winner.
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25 of 25 people found the following review helpful:
5.0 out of 5 stars The Compensation Handbook, June 27, 2000
As a compensation consultant, I sought a comprehensive guide for all aspects of the field. The 4th edition of The Compensation Handbook provides simple and direct answers for every compensation problem. It is a virtual "who's who" of compensation professionals providing well-constructed, concise information on their area of expertise. No matter what information I seek -- from base compensation, variable compensation, executive compensation, performance and compensation, compensation and corporate culture, or international compensation -- I can find pertinent, practical guidance in this one book. Compensation issues that are currently challenging every company - regardless of size, age, or industry -- are especially well developed in The Compensation Handbook. The section on Corporate Culture containing chapters on "Culture and Compensation" and "Connecting Compensation, Behaviors, Culture, and Strategy to Win" by William M. Mercer consultants, "Rewarding Scarce Talent" by Patricia Zingheim, "Gaining a Competitive Edge by Improving the Return on Human Capital" by Peter LeBlanc, and "The Role of Work-Life Benefits in the Total Pay Strategy" covers issues that every compensation practitioner or human resources professional will grapple with in the forseeable future. Even the effect of technology and computers on compensation administration are handled in The Compensation Handbook. Information on global compensation strategies is relevant not only to practitioners but to anyone seeking employment on foreign soil or working for a foreign company. The Compensation Handbook is a winner.
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3 of 3 people found the following review helpful:
4.0 out of 5 stars Great Reference, April 24, 2007
I found this book to be an invaluable reference for my research in the area of compensation. It covers all of the main topics in compensation management with articles from the best minds in the field. The trend summary and chapter introductions provide an overview that is interesting and insightful. That kind of analysis is hard to find. The information is surprisingly up to date, since change is slow in this field.

The book is essential for compensation professionals.
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Front Cover | Table of Contents | First Pages | Index | Surprise Me!

Inside This Book (learn more)
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
human assets, bottom liners, managing human resources, business impact, global compensation processes, communicating compensation programs, forced ranking process, executive compensation strategy, voting advisory services, chicken efficiency, nonmonetary awards, compensation program design, local national employees, many employment agreements, cash severance, total rewards strategy, merit increase budget, data privacy regulations, award cards, workforce segments, sales compensation plan, total direct compensation, variable pay plans, pay techniques, award catalogs
Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, New York, Balanced Scorecard, Total Rewards, American Compensation Association, Decade of Company Experiences With Broadbanding, The Academy, Vurv Technologies, Human Capital Institute, Harvard Business Review, North America, Towers Perrin, Hewitt Associates, Internal Revenue Code, San Francisco, Life With Broadbands, Academy of Management Journal, Burger King, Freedom Yearners, Civil Service Commission, Mercer Human Resource Consulting, Radford Surveys, Harvard Business School Press, Safe Harbor, Awards Seekers
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