"Compensation, 10th Edition", by Milkovich, Newman and Gerhart is the market-leading text in this course area. It offers instructors current research material, in depth discussion of topics, integration of Internet coverage, excellent pedagogy, and a truly engaging writing style. The authors consult with leading businesses, have won teaching awards, and publish in the leading journals. This text examines the strategic choices in managing total compensation. The total compensation model introduced in chapter one serves as an integrating framework throughout the book. The authors discuss major compensation issues in the context of current theory, research, and real-business practices. Milkovich, Newman and Gerhart strive to differentiate between beliefs and opinions from facts and scholarly research. They showcase practices that illustrate new developments in compensation practices as well as established approaches to compensation decisions. Time after time, adopters relay stories of students getting job offers based on the knowledge they learned from this book.
Table of Contents
Part One: Introducing the Pay Model and Pay Strategy Chapter 1The Pay Model Chapter 2Strategy: The Totality of Decisions Part Two: Internal Alignment: Determining the Structure Chapter 3Defining Internal Alignment Chapter 4Job Analysis Chapter 5Job-Based Structures and Job Evaluation Chapter 6Person-Based Structures Part Three: External Competitiveness: Determining the Pay Level Chapter 7Defining Competitiveness Chapter 8Designing Pay Levels, Mix, and Pay Structures Part Four: Employee Contributions: Determining Individual Pay Chapter 9Pay-for-Performance: The Evidence Chapter 10Pay-for-Performance Plans Chapter 11Performance Appraisals Part Five: Employee Benefits Chapter 12The Benefit Determination Process Chapter 13Benefit Options Part Six: Extending the System Chapter 14Compensation of Special Groups Chapter 15Union Role in Wage and Salary Administration Chapter 16International Pay Systems Part Seven: Managing the System Chapter 17Government and Legal Issues in Compensation Chapter 18Management: Making It Work Glossary Name Index Subject Index
George T. Milkovich is the M. P. Catherwood Professor at the ILR School, Cornell University. He studies and writes about how people get paid and what difference it makes. People's compensation has been his interest for over 30 years. His research has resulted in numerous publications. Four have received national awards for their contributions. Jerry Newman (B.A., U of Michigan; M.A., Ph.D, U of Minnesota) is Distinguished Professor of Organization and Human Resources at the State University of New York at Buffalo. BARRY GERHART is Professor of Management and Human Resources and the Bruce R. Ellig Distinguished Chair in Pay and Organizational Effectiveness, School of Business, University of Wisconsin-Madison. He has also served as department chair or area coordinator at Cornell, Vanderbilt, and Wisconsin. His research interests include compensation, human resource strategy, international human resources, and employee retention. Professor Gerhart received his BS in psychology from Bowling Green State University and his PhD in industrial relations from the University of Wisconsin-Madison. His research has been published in a variety of outlets, including the Academy of Management Annals, Academy of Management Journal, Annual Review of Psychology, International Journal of Human Resource Management, Journal of Applied Psychology, Management and Organization Review, and Personnel Psychology. He has co-authored two books in the area of compensation. He serves on the editorial boards of journals such as the Academy of Management Journal, Industrial and Labor Relations Review, International Journal of Human Resource Management, Journal of Applied Psychology, Journal of World Business, Management & Organization Review, and Personnel Psychology. Professor Gerhart is a past recipient of the Heneman Career Achievement Award, the Scholarly Achievement Award, and of the International Human Resource Management Scholarly Research Award, all from the Human Resources Division, Academy of Management. He is a Fellow of the Academy of Management, the American Psychological Association, and the Society for Industrial and Organizational Psychology.