The Compensation Handbook: A State-of-the-art Guide to Compensation Strategy and Design
Milton L. Rock, Lance A. Berger
McGraw-Hill, 1991 - Business & Economics - 628 pages
The day of the automatic merit pay rise and cost-of-living increase is over. Today's focus is on performance-based approaches to compensation and benefits that will effectively support the present and future requirements of the corporation.
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Looking Back on Forty Years of Compensation Programs
Creating a Viable
Developing a Compensation Strategy
35 other sections not shown
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achieve approach base pay base salary behavior benefits bonus business unit cash flow communication company's compensable factors compensation plan compensation program compensation strategy competitive corporate cost culture decisions earnings effective employee involvement example executive compensation factors Figure firms formance function gain sharing plan goals Hay Group human resources implementation important improvement incentive plan incentive stock options individual industry issues job analysis job evaluation system labor long-term incentive mance ment merit pay midpoint objectives operating ordinary income organization organization's organizational overall participation pay system payout percent performance appraisal performance management performance measures ployees position productivity profit profit sharing restricted stock return on equity reward system sales compensation shareholder skill-based pay plan specific standards stock options structure success survey target tegic tion tive total compensation variable