Strategic Compensation: A Human Resource Management Approach, 11th edition

Published by Pearson (April 25, 2024) © 2025

  • Joseph J. Martocchio University of Illinois at Urbana-Champaign

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ISBN-13: 9780138183738 (2024 update)
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Strategic Compensation demonstrates the art and science of compensation practice and its role in a company's competitive advantage. It focuses on compensation context, criteria, design and challenges along with employee benefits at home and around the world. Through targeted activities and supporting course material, you'll build a solid foundation in the subject.

The 11th Edition features evolving compensation practices, statistics and business professionals' perspectives. You'll gain the knowledge and skills needed to become a successful compensation professional in the field.

PART 1: SETTING THE STAGE FOR STRATEGIC COMPENSATION

  1. Strategic Compensation: A Component of Human Resource Systems
  2. Contextual Influences on Compensation Practice

PART 2: BASES FOR PAY

  1. Traditional Bases for Pay: Seniority and Merit
  2. Incentive Pay
  3. Person-Focused Pay

PART 3: DESIGNING COMPENSATION SYSTEMS

  1. Building Internally Consistent Compensation Systems
  2. Building Market-Competitive Compensation Systems
  3. Building Pay Structures that Recognize Employee Contributions

PART 4: EMPLOYEE BENEFITS

  1. Discretionary Benefits
  2. Legally Required Benefits

PART 5: CONTEMPORARY STRATEGIC COMPENSATION CHALLENGES

  1. Compensating Executives
  2. Contingent Workers, Remote Work and Flexible Work Schedule Arrangements

PART 6: COMPENSATION ISSUES AROUND THE WORLD

  1. Compensating Expatriates
  2. Pay and Benefits outside the United States

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