Strategic Compensation: A Human Resource Management Approach, 9th edition

About the Book

Facilitate Learning by Enforcing Key Practices in the Compensation Field

• Flexible format covers topics based on semester schedules.The text’s versatile layout contains fifteen chapters adaptable to a 10-¿ or 15-¿week schedule. The chapters are divided into six parts plus an epilogue to help further segment the material into a typical timeframe:
• Part I: Setting the Stage for Strategic Compensation
• Part II: Bases for Pay
• Part III: Designing Compensation Systems
• Part IV: Employee Benefits
• Part V: Contemporary Strategic Compensation Challenges
• Part VI: Compensation Issues around the World
• UPDATED! Material that’s accessible to majors and non¿majors. Virtually every manager is involved in making compensation decisions, making the content relatable to all business majors. Strategic Compensation is relevant to human resource management majors, as well as accounting, finance, management, international management, marketing, and organizational behavior majors. Strategic Compensation is a crucial resource for both practitioners starting work in the compensation field or current professionals.

• UPDATED! Retirement plan and health care plan material has been revised and streamlined (Chapters 9 and 10).

• NEW! Coverage of employer-sponsored retirement plans and employer-sponsored health care now appears in Chapters 9 and 10, respectively, to properly represent this practice as a legally required benefit under the Patient Protection and Affordable Care Act of 2010.

Real¿-world Topics Relevant to all Business Majors

• NEW! Company examples, including Apple Computer, Boeing, Uber, and Wyeth Pharmaceuticals, appear throughout the book, bringing discussions of compensation practices to life.
• NEW! 39 concepts and practices maintain the book’s position on leading-edge knowledge and practice. Examples include definitive proxy statements, point factor leveling, and the newly approved CEO pay-ratio rule. More than 150 new endnotes have been added, including discussion of a possible increase to the federal minimum wage rate and its potential impact on a company’s practice.

Features that Help Students Put Concepts into Action

• NEW! Crunch the Numbers! data-driven exercises provide students with an opportunity to analyze data about one or more compensation issues discussed in each chapter. These activities bring to light key skills that compensation professionals need in the field, including quantitative analysis for making informed compensation decisions; now extended to MyManagementLab with one additional problem per chapter.
• NEW! A Watch It feature highlights a short video of a company’s experience with particular elements of compensation or HR-related issues,
  and is integrated within the chapter material. The video and accompanying questions are available in MyManagementLab.
• A Compensation in Action section provides an insider's perspective on compensation management at the end of every chapter. It offers clear and functional information that illustrates how line managers, employees, and compensation professionals interact to put compensation concepts into practice.
• Brief end-of¿-chapter cases highlight real¿-world compensation issues in this text and are accompanied by questions to facilitate class discussion or to be used as homework assignments.
• NEW! An expanded chapter summary is organized by learning objectives.

Also Available with MyManagementLab^®

MyManagementLab is an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results. Within its structured environment, students practice what they learn, test their understanding, and pursue a personalized study plan that helps them better absorb course material and understand difficult concepts.

Fully integrated into the text, MyManagementLab features include:

Before Class

• NEW! Learn It Chapter Warm-up questions help you hold your students accountable for learning key concepts in each chapter before coming to class. The assignment consists of basic questions related to topics in the text, and gives students the chance to access their eText to read about the topics in question. Grading and item analysis in the assignment allow you to see what students know and don’t know.  
• NEW! A Watch It feature recommends a video clip that can be assigned to students for outside classroom viewing or that can be watched in the classroom. The video corresponds to the chapter material and is accompanied by multiple choice questions that re-enforce student’s comprehension of the chapter content. 
• Dynamic Study Modules help students study effectively on their own by continuously assessing their activity and performance in real time. Here's how it works: students complete a set of questions with a unique answer format that also asks them to indicate their confidence level. Questions repeat until the student can answer them all correctly and confidently. Once completed, Dynamic Study Modules explain the concept using materials from the text. These are available as graded assignments prior to class, and accessible on smartphones, tablets, and computers.
• An Enhanced eText keeps students engaged in learning on their own time, while helping them achieve greater conceptual understanding of course material. The worked examples bring learning to life, and algorithmic practice allows students to apply the very concepts they are reading about. Combining resources that illuminate content with accessible self-assessment, MyLab with Enhanced eText provides students with a complete digital learning experience–all in one place.

During Class

• Learning Catalytics^™ is an interactive, student response tool that uses students’ smartphones, tablets, or laptops to engage them in more sophisticated tasks and thinking. Now included with MyLab with eText, Learning Catalytics enables you to generate classroom discussion, guide your lecture, and promote peer-to-peer learning with real-time analytics. Instructors, you can:
• Pose a variety of open-ended questions that help your students develop critical thinking skills
• Monitor responses to find out where students are struggling
• Use real-time data to adjust your instructional strategy and try other ways of engaging your students during class
• Manage student interactions by automatically grouping students for discussion, teamwork, and peer-to-peer learning
• Reporting Dashboard: View, analyze, and report learning outcomes clearly and easily, and get the information you need to keep your students on track throughout the course with the new Reporting Dashboard. Available via the MyLab Gradebook and fully mobile-ready, the Reporting Dashboard presents student performance data at the class, section, and program levels in an accessible, visual manner.

• NEW! MediaShare for Business. Consisting of a curated collection of business videos tagged to learning outcomes and customizable, auto-scored assignments, MediaShare for Business helps students understand why they are learning key concepts and how they will apply those in their careers. Instructors can also assign favorite YouTube clips or original content and employ MediaShare’s powerful repository of tools to maximize student accountability and interactive learning, and provide contextualized feedback for students and teams who upload presentations, media, or business plans.

After Class

• Branching, Decision-Making Simulations put your students in the role of manager as they make a series of decisions based on a realistic business challenge. The simulations change and branch based on their decisions, creating various scenario paths. At the end of each simulation, students receive a grade and a detailed report of the choices they made with the associated consequences included.
• Video Exercises explore a variety of business topics related to the theory students are learning in class. Quizzes assess students’ comprehension of the concepts covered in each video.
• Writing Space. Better writers make great learners–who perform better in their courses. Designed to help you develop and assess concept mastery and critical thinking, the Writing Space offers a single place to create, track, and grade writing assignments, provide resources, and exchange meaningful, personalized feedback with students, quickly and easily. Thanks to auto-graded, assisted-graded, and create-your-own assignments, you decide your level of involvement in evaluating students' work. The auto-graded option allows you to assign writing in large classes without having to grade essays by hand. And because of integration with Turnitin^®, Writing Space can check students’ work for improper citation or plagiarism.
• Quizzes and Tests: Pre-built quizzes and tests allow you to quiz students without having to grade the assignments yourself.

Other MyManagementLab Features

• NEW! Assisted-Graded Writing Questions are short essay questions, which students can complete as an assignment and submit to instructors for grading.
• NEW! Two Crunch The Numbers data-driven exercises are included in each chapter, one in the book and both in MyManagementLab.
  Answers are found in the Instructors Manual and in MyManagementLab.
• An Accompanying Experiential Case: Building Strategic Compensation Systems allows students to work in small compensation consulting teams charged with developing a compensation plan for a company named E-sonic. The project is divided into four sections, which correspond to the fundamental goals of compensation practitioners and gives students hands-on practice and an insider’s perspective on compensation plan issues.
• NEW! Personal Inventory Assessment (PIA). Students learn better when they can connect what they are learning to their personal experience. PIA (Personal Inventory Assessments) is a collection of online exercises designed to promote self-reflection and engagement in students, enhancing their ability to connect with management concepts. Assessments are assignable by instructors who can then track students’ completions. Student results include a written explanation and graphic display that shows how their results compare to the class as a whole, and can be used to promote classroom discussion.
• Learning Management System (LMS) Integration. You can now link from any LMS platform to MyManagementLab. Access MyManagementLab assignments, rosters and resources, and synchronize MyManagementLab grades with your LMS gradebook. For students, new direct, single sign-on provides access to all the personalized learning MyManagementLab resources that make studying more efficient and effective.
• Homework and Test Manager lets you create, import, and manage online homework assignments, quizzes, and tests that are automatically graded. You can choose from a wide range of assignment options, including time limits, proctoring, and the maximum number of attempts allowed.
• Comprehensive online course content. Filled with a wealth of content that is tightly integrated with your textbook, MyManagementLab lets you easily add, remove, or modify existing instructional material. You can also add your own course materials to suit the needs of your students or department.
• Gradebook automatically tracks your students' results on tests, homework, and practice exercises and gives you control over managing results and calculating grades. The gradebook provides a number of flexible grading options, including exporting grades to a spreadsheet program such as Microsoft Excel. And, it lets you measure and document your students' learning outcomes.
• Customizable Settings. MyManagementLab enables you to manage multiple class sections, and lets other instructors copy your settings so a standardized syllabus can be maintained across your department. Should you want to use the same MyManagementLab course next semester, with the same customized settings, you can copy your existing course exactly—and even share it with other faculty members.

About the Book

Facilitate Learning by Enforcing Key Practices in the Compensation Field

• UPDATED! Material that’s accessible to majors and non¿majors. Virtually every manager is involved in making compensation decisions, making the content relatable to all business majors. Strategic Compensation is relevant to human resource management majors, as well as accounting, finance, management, international management, marketing, and organizational behavior majors. Strategic Compensation is a crucial resource for both practitioners starting work in the compensation field or current professionals.

• UPDATED! Retirement plan and health care plan material has been revised and streamlined (Chapters 9 and 10).

• Coverage of employer-sponsored retirement plans and employer-sponsored health care now appears in Chapters 9 and 10, respectively, to properly represent this practice as a legally required benefit under the Patient Protection and Affordable Care Act of 2010.

Real¿-world Topics Relevant to all Business Majors

• Company examples, including Apple Computer, Boeing, Uber, and Wyeth Pharmaceuticals, appear throughout the book, bringing discussions of compensation practices to life.
• 39 concepts and practices maintain the book’s position on leading-edge knowledge and practice. Examples include definitive proxy statements, point factor leveling, and the newly approved CEO pay-ratio rule. More than 150 new endnotes have been added, including discussion of a possible increase to the federal minimum wage rate and its potential impact on a company’s practice.

Features that Help Students Put Concepts into Action

• Crunch the Numbers! data-driven exercises provide students with an opportunity to analyze data about one or more compensation issues discussed in each chapter. These activities bring to light key skills that compensation professionals need in the field, including quantitative analysis for making informed compensation decisions; now extended to MyManagementLab with one additional problem per chapter.
• A Watch It feature highlights a short video of a company’s experience with particular elements of compensation or HR-related issues,
  and is integrated within the chapter material. The video and accompanying questions are available in MyManagementLab.
• An expanded chapter summary is organized by learning objectives.

Also Available with MyManagementLab^®

MyManagementLab is an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results. Within its structured environment, students practice what they learn, test their understanding, and pursue a personalized study plan that helps them better absorb course material and understand difficult concepts.

Fully integrated into the text, MyManagementLab features include:

Before Class

• Learn It Chapter Warm-up questions help you hold your students accountable for learning key concepts in each chapter before coming to class. The assignment consists of basic questions related to topics in the text, and gives students the chance to access their eText to read about the topics in question. Grading and item analysis in the assignment allow you to see what students know and don’t know.  
• A Watch It feature recommends a video clip that can be assigned to students for outside classroom viewing or that can be watched in the classroom. The video corresponds to the chapter material and is accompanied by multiple choice questions that re-enforce student’s comprehension of the chapter content. 

• MediaShare for Business. Consisting of a curated collection of business videos tagged to learning outcomes and customizable, auto-scored assignments, MediaShare for Business helps students understand why they are learning key concepts and how they will apply those in their careers. Instructors can also assign favorite YouTube clips or original content and employ MediaShare’s powerful repository of tools to maximize student accountability and interactive learning, and provide contextualized feedback for students and teams who upload presentations, media, or business plans.

Other MyManagementLab Features

• Assisted-Graded Writing Questions are short essay questions, which students can complete as an assignment and submit to instructors for grading.
• Two Crunch The Numbers data-driven exercises are included in each chapter, one in the book and both in MyManagementLab.Answers are found in the Instructors Manual and in MyManagementLab.
• Personal Inventory Assessment (PIA). Students learn better when they can connect what they are learning to their personal experience. PIA (Personal Inventory Assessments) is a collection of online exercises designed to promote self-reflection and engagement in students, enhancing their ability to connect with management concepts. Assessments are assignable by instructors who can then track students’ completions. Student results include a written explanation and graphic display that shows how their results compare to the class as a whole, and can be used to promote classroom discussion.