MARIAN INTERNATIONAL INSTITUTE OF MANAGEMENT

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COMPENSATION MANAGEMENT IN A KNOWLEDGE BASED WORLD

By: HENDERSON, RICHARD I
Material type: TextTextPublisher: PEARSON ISBN: 978-8131711101Subject(s): Compensation in a Knowledge-Based Global Economy Capitalism and Knowledge in a Global Economy Compensation and Organizational Strategy Integrating Knowledge and Skill Requirements, Organization Compensation, and Employee Income Lifestyle and Compensation Pay and Social Class The Reward System: Compensation and Noncompensation Dimensions The Reward System Compensation System Compensation Dimensions Noncompensation System T The World of Pay and Compensation The Compensation Program Determining Rates of Pay Jobs and Pav in the United States A World in Transition • . Economic Theories Organizational Structure: Strategic and Tactical Compensation Issues Development of an Organization Employees—A Critical Resource Division of Labor Creating an Organizational Hierarchy Board of Directors. MACROECONOMIC COMPENSATION CONCEPTS . Senior Management Operating Managers Sales Personnel Professionals Operative Employees Pay Relationships: A Fairness Issue Legislation and Compensation The Legislative Process Wage and Hour Legislation Employee Pension and Welfare (Benefits) Legislation Tax Treatment Legislation Antidiscrimination in Employment Legislation Wage and Price Control Legislation Legislation Affecting Public Employees MICROECONOMIC COMPENSATION CONCEPTS Job Analysis Preliminary Considerations Planning a Job Analysis Program Gaining Employee Acceptance and Cooperation Collecting and Describing Job Data Reviewing and Revising Job Facts Designing a Custom-Made Job Analysis Questionnaire Guidelines for Conducting a Job Analysis Interview Other Job Analysis Methodologies Other Job Analysis Methodologies . Job Description Broad. Generic Job (Class) Descriptions versus Narrow, Specific Job (Position) Descriptions A Job Contract Planning, Operations, and Control Elements of the Job Description Other Kinds of Information Used in Describing Jobs Other Ways of Describing Job Facts . revising Job Descriptions Using the Computer . Job Evaluation - Job Requirements and Pay Job Evaluation Issues The Intraoccupational and Interoccupational Method of Job Classification Whole Job Ranking Position (Job) Classification—Predetermined Grading Approach A Market Pricing Approach The Maturity Curve Method The Development and Use of Compensable Factors Weighting and Rating of Compensable Factors Job Evaluation and Comparable Worth Paired-Comparison Procedures Other Job Evaluation Methods , Using Multiple Regression Analysis in Questionnaire-Based ' • Job Evaluation CHAPTER 9 A Point-Factor Method of Job Evaluation Combining Point-Factor and Factor-Comparison Methods Job Evaluation Committee Using FES to Determine Job Worth • Surveying Market Pay and Compensation Practices Critical Pay Survey Problems _ Determining the Need for a Survey Preparing for the Survey Identifying Survey Methods Designing the Survey : . Performing a Statistical Analysis of the Data Using Third-Party Surveys Sources of Third-Party Data Designing a Base Pay Structure Pay Structure Architecture Interlocking Multiple Pay Structures The Expanding or Fan-Type Pay Structure: An Optional Approach Architectural Design Hints Pay Sectors and Levels of Education. Experience. and Training. Team-Based Pay in a Knowledge-Based World Use of Skill-, Knowledge-, and Competency-Based Pay MICRO- AND MACROECONOMIC COMPENSATION CONCEPTS • , Measuring and Paying for Performance Pay for Performance in a Knowledge-Oriented, Service-Sector Economy Application of Motivation Theories Merit Pay Performance Appraisal: Issues and Opportunities Performance Appraisal: A Cost-Effectiveness Analysis Designing a Job Content-Based Performance Appraisal Program Other Critical Performance Appraisal-Related Issues Ranking and Rating Instruments and Formats .• .7 Validity and Reliability Short-Term Incentives Premiums and Differentials Pay for Units Produced Individual-Based Bonuses and Awards Aggregating Employees for Incentive Opportunities - Organization-Wide Short-Term Incentives .. Setting Standards and Designing Incentives for an Industrial Economy Two Other Kinds of Gainsharing Plans CHAPTER 15 Long-Term Incentives and Wealth Building Wealth and Work in the United States Tax Legislation Designing a Long-Term Incentive and Deferred Compensation Plan . -- Executive and International Compensation Executive Compensation Capital Accumulation Maximizing Executive Compensation Opportunities International Compensation • Tax Legislation--Related Terms Stock and Stock Equivalent Acquisition Plans Special Corporate Insurance Programs Benefits and Services Benefits Administration Employee Benefits Employee Services Funding Benefits Through a VEBA Costing Benefits Flexible Compensation/Benefits Plan (Cafeteria Plans) Pay Delivery Administration Tying It All Together • , The Budget Process Administration of Pay Quality of Work Life and Pay Administration Other Compensation Administration Issues
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