Description
This book is based on the strategic choices in managing compensation. We introduce these choices, which confront managers in the United States and around the world, in the total compensation model in Chapter 1. This model provides an integrating framework that is used throughout the book. Major compensation issues are discussed in the context of current theory, research, and practice. The practices illustrate new developments as well as established approaches to compensation decisions.Each chapter contains at least one Cybercomp to point you to some of the vast compensation information on the Internet. Real-life Your Turn exercises ask you to apply the concepts and techniques discussed in each chapter. For example, the Your Turn in Chapter 10 takes you through several exercises designed to explain how stock options work and how to value them. It also allows you to connect to real-time stock prices for up-to-date stock option valuations.The authors also publish Cases in Compensation, an integrated casebook designed to provide additional practical skills that apply the material in this book. The casebook is available directly from the authors. Completing the integrated case will help you develop skills readily transferable to future jobs and assignments. Instructors are invited to phone for more information on how Cases in Compensation can help translate compensation research and theory into practice and build competencies for on-the-job decisions. ISBN:9780071239288
