ntroduction-
Compensation in a Knowledge-Based Global Economy
·Compensation and Organizational Strategy
·Integrating Knowledge and Skills Requirements, Organization Compensation, and Employee Income
· Lifestyle and Compensation
· Pay and Social Class etc.
The Reward and Compensation System
· Compensation dimensions
· Non-compensation dimensions etc.
The world of Pay and Compensation
· Compensation Program
· Determining Rates of Pay etc.
Organizational Structure
· Strategic and Tactical Compensation Issues
· Development of an Organization
· Employees- A Critical Resource
· Division of Labor etc.
· Creating an Organizational Hierarchy
· Compensation for Board of Directors, Senior, Operating Management, Sales personnel and
Operative Employees etc.
Job Analysis
· Preliminary Consideration
· Planning a Job Analysis Program
· Gaining Employee Acceptance and Cooperation
· Collecting and Describing Job Data
· Reviewing and Revising Job Facts
· Designing a Custom-Made Job Analysis Questionnaire
· Guidelines for Conducting a Job Analysis Interview and other Methodologies etc.
Job Evaluation
· Job Requirements and Pay
· Job Evaluation Issues
· Intra-occupational and Inter-occupational Methods of Job Classification
· Whole Job Ranking
· Position (Job) Classification
· Development and Use of Compensable Factors
· Weighing and Rating of Compensable Factors etc.
Surveying Market Pay and Compensation Practices
· Critical Pay Survey Problems
· Determining the Need for a Survey
· Preparing the Survey
· Identifying Survey Methods
· Designing the Survey etc.
Designing a Base Pay Structure
· Pay Structure Architecture
· Interlocking Multiple Pay Structure
· Pay Sectors and Levels of Education, Experience, and Training etc.
Measuring and Paying for Performance
· Pay for Performance in a Knowledge-oriented, Service-sector economy
· Application of Motivation Theories
· Merit Pay
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· Performance Appraisal: Issues and Opportunities
· Designing a Job Content-based Performance Appraisal Program etc.
Short Term Incentives
· Premiums and Differentials
· Pay for Units Produced
· Individual-based Bonuses and Awards
· Organization wide Short-Term Incentives etc.
Long Term Incentives
· Designing a Long- Term Incentives and Deferred Compensation Plan
· Qualified Deferred Compensation Arrangements etc.
Employee Benefits and Services
· Benefits Administration
· Employee Benefits
· Employee Services etc.