Compensation

A comprehensive textbook on strategic compensation management, this edition of 'Compensation' by Milkovich, Newman, and Milkovich delves into the critical role of pay in organizational strategy. The text emphasizes strategic choices in managing compensation, asserting that 'pay matters' significantly. It extensively covers the ramifications of major economic events such as the Great Recession (late 2000s and early 2010s) on pay structures, offering insights into decisions concerning hour and pay cuts versus layoffs, and the fundamental reasons for employee compensation. The authors also address the global dimensions of pay, aiming to distinguish factual insights from wishful thinking and demonstrable results from mere opinions. Managing compensation is presented as both an art and a science, with a core model introduced in Chapter 1 serving as an integrating framework throughout the text. Major compensation issues are explored within the context of current theory, research, and best practices. Uniquely, this edition incorporates Canadian laws, facts, policies, procedures, and examples, making it particularly relevant for Canadian students and professionals. This paperback copy is in good condition.

• Author: Milkovich, George T.; Newman, Jerry M.; Milkovich, Carolyn
• Publisher: Irwin/McGraw-Hill
• Year: 1999
• Binding: Paperback
• Condition: Good
• ISBN: 9780071165617