Compensation Management in a Knowledge-Based World (9th Edition) [Hardcover]

Richard I. Henderson (Author)

Book Description

Publication Date: November 26, 2002 | ISBN-10: 0130081159 | ISBN-13: 978-0130081155 | Edition: 9

As the leading book in its field, Compensation Management offers a practical exploration of the systems, methods, and procedures involved in establishing and administering a compensation system within any organization. In-depth explanations of the procedures involved in establishing and administering a compensation system including, analyzing work requirements and designing a job, determining job worth, establishing job rates of pay, the elements of a total compensation package, and the importance of labor costs in a modern economy. For compensation managers, HR professionals, and others who want to know about the aspects of establishing and administering a compensation system.

Editorial Reviews

From the Publisher

This text offers a practical exploration of the systems, methods, and procedures involved in establishing and administering a compensation system within any organization. --This text refers to an out of print or unavailable edition of this title.

From the Back Cover

As the leading book in its field, Compensation Management offers a practical exploration of the systems, methods, and procedures involved in establishing and administering a compensation system within any organization. In-depth explanations of the procedures involved in establishing and administering a compensation system including, analyzing work requirements and designing a job, determining job worth, establishing job rates of pay, the elements of a total compensation package, and the importance of labor costs in a modern economy. For compensation managers, HR professionals, and others who want to know about the aspects of establishing and administering a compensation system.

Product Details

• Hardcover: 688 pages
• Publisher: Prentice Hall; 9 edition (November 26, 2002)
• Language: English
• ISBN-10: 0130081159
• ISBN-13: 978-0130081155
• Product Dimensions: 9 x 8 x 1.3 inches
• Shipping Weight: 2.7 pounds
• Average Customer Review: 3.4 out of 5 stars  See all reviews (12 customer reviews)
• Amazon Best Sellers Rank: #220,190 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

9 of 12 people found the following review helpful:

2.0 out of 5 stars Painful!, December 9, 2002

By 

"gradstudent76" (Gaithersburg, MD USA) - See all my reviews

This review is from: Compensation Management in a Knowledge-Based World (Hardcover)

There is nothing practical about this book. It is a looooong, purely theoretical torture with only a few examples that don't work too well in the real world. I had to buy it for one of my graduate classes and here I am three months later even more clueless than I was when I started. This book is very boring, painful to read. It doesn't help that the author is clearly biased in favor of traditional HRM and refuses to give much room to more modern thinking. The exercise book is a nightmare. The exercises are either impossibly difficult and time-consuming because the textbook does not offer valuable guidance for any practical problems, or they are an absolute waste of time - students basically have to copy a chapter. I could go on like this forever. In a nutshell: buy this book if you have to, but sell it as soon as you can.

5 of 7 people found the following review helpful:

3.0 out of 5 stars Outdated but - As Yet, Nothing Better, October 7, 2004

By 

John P Bernat (Kingsport, TN USA) - See all my reviews
(VINE VOICE)    (REAL NAME)   

This review is from: Compensation Management in a Knowledge-Based World (9th Edition) (Hardcover)

I assign this as one of two textbooks in teaching Compensation Administration in graduate school.

While it has undergone 9 revisions, the attempts to update it to today's compensation world are not adequate. Far too little is here concerning internet usage, for example.

But perhaps its greatest shortcoming is in its glancing treatment of group incentive plans as a key means to unlock workforce potential. It is a glaring and unforgivable gap.

If anybody out there knows of a better fundamental compensation textbook, I'd love to hear about it.

2 of 3 people found the following review helpful:

5.0 out of 5 stars Best of the textbooks, March 10, 2004

By 

Michael M. Nash (rancho palos verdes, ca United States) - See all my reviews
(REAL NAME)   

This review is from: Compensation Management in a Knowledge-Based World (9th Edition) (Hardcover)

Compared to the other major textbooks out there, especially
the better reviewed book by "M" this is by far the more useful.
When I need to find something practical, like the Federal Evaluation System for example, or Multiple Linear Regression as a job evaluation tool, 95% of the time it is in Henderson and it is very well documented. Both these topics are barely touched on in the other major texts which I also own.
From a guy with a Ph.D. and 30 years of paying my bills with
comp information, give me Henderson any day.