Compensation Analysis

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Statistics for Compensation

Author : John H. Davis
Publisher : John Wiley & Sons
ISBN 13 : 1118002067
Total Pages : 414 pages
Book Rating : 4.1/5 (18 download)

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Book Synopsis Statistics for Compensation by : John H. Davis

Download or read book Statistics for Compensation written by John H. Davis and published by John Wiley & Sons. This book was released on 2011-08-24 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt: An insightful, hands-on focus on the statistical methods used by compensation and human resources professionals in their everyday work Across various industries, compensation professionals work to organize and analyze aspects of employment that deal with elements of pay, such as deciding base salary, bonus, and commission provided by an employer to its employees for work performed. Acknowledging the numerous quantitative analyses of data that are a part of this everyday work, Statistics for Compensation provides a comprehensive guide to the key statistical tools and techniques needed to perform those analyses and to help organizations make fully informed compensation decisions. This self-contained book is the first of its kind to explore the use of various quantitative methods—from basic notions about percents to multiple linear regression—that are used in the management, design, and implementation of powerful compensation strategies. Drawing upon his extensive experience as a consultant, practitioner, and teacher of both statistics and compensation, the author focuses on the usefulness of the techniques and their immediate application to everyday compensation work, thoroughly explaining major areas such as: Frequency distributions and histograms Measures of location and variability Model building Linear models Exponential curve models Maturity curve models Power models Market models and salary survey analysis Linear and exponential integrated market models Job pricing market models Throughout the book, rigorous definitions and step-by-step procedures clearly explain and demonstrate how to apply the presented statistical techniques. Each chapter concludes with a set of exercises, and various case studies showcase the topic's real-world relevance. The book also features an extensive glossary of key statistical terms and an appendix with technical details. Data for the examples and practice problems are available in the book and on a related FTP site. Statistics for Compensation is an excellent reference for compensation professionals, human resources professionals, and other practitioners responsible for any aspect of base pay, incentive pay, sales compensation, and executive compensation in their organizations. It can also serve as a supplement for compensation courses at the upper-undergraduate and graduate levels.

Compensation Analysis

Author : Patrick M. Nooren
Publisher :
ISBN 13 : 9780974989525
Total Pages : pages
Book Rating : 4.9/5 (895 download)

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Book Synopsis Compensation Analysis by : Patrick M. Nooren

Download or read book Compensation Analysis written by Patrick M. Nooren and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

The WorldatWork Handbook of Compensation, Benefits and Total Rewards

Author : WorldatWork
Publisher : John Wiley & Sons
ISBN 13 : 0470085800
Total Pages : 864 pages
Book Rating : 4.4/5 (7 download)

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Book Synopsis The WorldatWork Handbook of Compensation, Benefits and Total Rewards by : WorldatWork

Download or read book The WorldatWork Handbook of Compensation, Benefits and Total Rewards written by WorldatWork and published by John Wiley & Sons. This book was released on 2007-05-04 with total page 864 pages. Available in PDF, EPUB and Kindle. Book excerpt: Praise for The WorldatWork Handbook of Compensation, Benefits & Total Rewards This is the definitive guide to compensation and benefits for modern HR professionals who must attract, motivate, and retain quality employees. Technical enough for specialists but broad in scope for generalists, this well-rounded resource belongs on the desk of every recruiter and HR executive. An indispensable tool for understanding and implementing the total rewards concept, the WorldatWork Handbook of Compensation, Benefits, and Total Rewards is the key to designing compensation practices that ensure organizational success. Coverage includes: Why the total rewards strategy works Developing the components of a total rewards program Common ways a total rewards program can go wrong Designing and implementing a total rewards program Communicating the total rewards vision Developing a compensation philosophy and package FLSA and other laws that affect compensation Determining and setting competitive salary levels And much more

Designing a Not-for-Profit Compensation System

Author : JoAnn Senger
Publisher : John Wiley & Sons
ISBN 13 : 0471727334
Total Pages : 226 pages
Book Rating : 4.4/5 (717 download)

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Book Synopsis Designing a Not-for-Profit Compensation System by : JoAnn Senger

Download or read book Designing a Not-for-Profit Compensation System written by JoAnn Senger and published by John Wiley & Sons. This book was released on 2005-03-25 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: "JoAnn Senger has gone out of the box to address fundamental compensation issues too-often ignored in the public and not-for-profit sectors. She peels away the 'second-class citizen' label and provides effective compensation structures that reward top performers." --Jonathan Fraser Light Senior Partner, Nordman, Cormany, Hair & Compton A step-by-step plan to design and manage a compensation system for not-for-profit organizations Written by recognized not-for-profit human resource specialist JoAnn Senger, Designing a Not-For-Profit Compensation System provides a step-by-step method to help human resource professionals design and manage a successful compensation system for any public or not-for-profit organization. When it comes to compensation systems, the not-for-profit sector is rife with complexities, including legislative approval requirements and the board of directors' direct involvement in compensation matters. Addressing these and other unique obstacles, Designing a Not-For-Profit Compensation System: * Defines various types of not-for-profit and public organizations * Identifies current types of compensation structures * Identifies organizational characteristics influencing the usefulness of each structure, including the organization's budgeting and accounting processes and timetables * Covers maintenance for all compensation structures and the interaction among organizational units * Details the usefulness of each compensation structure, including midpoint calculations, rate adjustments, variable pay, and market surveys

Collecting Compensation Data from Employers

Author : National Research Council
Publisher : National Academies Press
ISBN 13 : 0309264111
Total Pages : 129 pages
Book Rating : 4.3/5 (92 download)

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Book Synopsis Collecting Compensation Data from Employers by : National Research Council

Download or read book Collecting Compensation Data from Employers written by National Research Council and published by National Academies Press. This book was released on 2013-03-01 with total page 129 pages. Available in PDF, EPUB and Kindle. Book excerpt: U.S. agencies with responsibilities for enforcing equal employment opportunity laws have long relied on detailed information that is obtained from employers on employment in job groups by gender and race/ethnicity for identifying the possibility of discriminatory practices. The U.S. Equal Employment Opportunity Commission (EEOC), the Office of Federal Contract Compliance programs of the U.S. Department of Labor, and the Civil Rights Division of the U.S. Department of Justice have developed processes that use these employment data as well as other sources of information to target employers for further investigation and to perform statistical analysis that is used in enforcing the anti-discrimination laws. The limited data from employers do not include (with a few exceptions) the ongoing measurement of possible discrimination in compensation. The proposed Paycheck Fairness Act of 2009 would have required EEOC to issue regulations mandating that employers provide the EEOC with information on pay by the race, gender, and national origin of employees. The legislation was not enacted. If the legislation had become law, the EEOC would have been required to confront issues regarding currently available and potential data sources, methodological requirements, and appropriate statistical techniques for the measurement and collection of employer pay data. The panel concludes that the collection of earnings data would be a significant undertaking for the EEOC and that there might be an increased reporting burden on some employers. Currently, there is no clearly articulated vision of how the data on wages could be used in the conduct of the enforcement responsibilities of the relevant agencies. Collecting Compensation Data from Employers gives recommendations for targeting employers for investigation regarding their compliance with antidiscrimination laws.

Analysis of "Marshall & Gordon. Designing an Effective Compensation System"

Author : Dominik Ulrich Hoppe
Publisher : GRIN Verlag
ISBN 13 : 3656976066
Total Pages : 15 pages
Book Rating : 4.6/5 (569 download)

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Book Synopsis Analysis of "Marshall & Gordon. Designing an Effective Compensation System" by : Dominik Ulrich Hoppe

Download or read book Analysis of "Marshall & Gordon. Designing an Effective Compensation System" written by Dominik Ulrich Hoppe and published by GRIN Verlag. This book was released on 2015-06-10 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay from the year 2015 in the subject Politics - Environmental Policy, grade: 1, Vienna University of Technology, language: English, abstract: Solution to a Harvard Business School Case Study: How to design an effective compensation system? This term paper is an analysis of the Case Study "Marshall & Gordon: Designing an Effective Compensation System (A)" by HEIDI K. GARDNER and KERRY HERMAN. Putting myself in the shoes of Kelly Browne, CEO of the PR agency Marshall & Gordon, I believe it is nearly impossible to design something like the „ideal compensation policy“ fitting everyone’s needs. However, I know that there are several recommended guidelines with fundamental properties for compensation systems that should be taken into serious consideration by executives while creating such systems. A compensation system should consist of: a statement of overall objectives, the relative importance of compensation, general performance measures, competitive reference points, competitive positioning, internal equity and consistency, communication and involvement of employees, and governance. As for the category of „involvement of employees“, Herzberg’s motivation theory stipulates that factors such as recognition, achievement, increased responsibility and opportunities to learn (within the company) are extremely important factors for employees, besides payments and benefits. In the following case study I will attempt to analyse the current incentive system with respect to the given questions using numerous quotations.

Unemployment Compensation Throughout the World

Author : Wayne Vroman
Publisher : W.E. Upjohn Institute
ISBN 13 :
Total Pages : 290 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Unemployment Compensation Throughout the World by : Wayne Vroman

Download or read book Unemployment Compensation Throughout the World written by Wayne Vroman and published by W.E. Upjohn Institute. This book was released on 2005 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Reasonable Compensation

Author : Anne E. Moran
Publisher :
ISBN 13 : 9781558718449
Total Pages : pages
Book Rating : 4.7/5 (184 download)

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Book Synopsis Reasonable Compensation by : Anne E. Moran

Download or read book Reasonable Compensation written by Anne E. Moran and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: " ... analyzes the issues relating to the deduction by an employer for a "reasonable allowance" under [section] 162(a) for compensation paid with regard to personal services rendered. It discusses in depth the factors applied in determining reasonableness, the necessity for the actual performance of services, situations where a deduction for reasonable compensation is not allowable, and other aspects of reasonable compensation. Various tax planning and controversy considerations also are discussed"--Portfolio description (p. iii).

Compensation and Working Conditions

Author :
Publisher :
ISBN 13 :
Total Pages : 594 pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis Compensation and Working Conditions by :

Download or read book Compensation and Working Conditions written by and published by . This book was released on 1997 with total page 594 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Analysis of Workmen's Compensation Laws

Author :
Publisher :
ISBN 13 :
Total Pages : 84 pages
Book Rating : 4.A/5 ( download)

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Book Synopsis Analysis of Workmen's Compensation Laws by :

Download or read book Analysis of Workmen's Compensation Laws written by and published by . This book was released on 1962 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Pay for Results

Author : Mercer, LLC
Publisher : John Wiley & Sons
ISBN 13 : 047047811X
Total Pages : 288 pages
Book Rating : 4.4/5 (74 download)

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Book Synopsis Pay for Results by : Mercer, LLC

Download or read book Pay for Results written by Mercer, LLC and published by John Wiley & Sons. This book was released on 2009-03-17 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: The numerous incentive approaches and combinations and their implications can be dizzying even to the compensation professional. Pay for Results provides a road map for developing and implementing executive incentives that drive business needs and strategy. It is filled with specific analytic tools, including tables, exhibits, forms, checklists. In addition, it uncovers myths in performance measurement strategy and design. Timely and thorough, this book expertly shows businesses how to drive their specific needs and strategy. Human resources and compensation officers will discover how to apply performance metrics that align with shareholder investment.

Reasonable Compensation 2010

Author : Ronald L. Seigneur
Publisher : BVResources
ISBN 13 : 9781935081500
Total Pages : 276 pages
Book Rating : 4.0/5 (815 download)

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Book Synopsis Reasonable Compensation 2010 by : Ronald L. Seigneur

Download or read book Reasonable Compensation 2010 written by Ronald L. Seigneur and published by BVResources. This book was released on 2010 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: This one-stop information Guide helps practitioners whenever employee-owner compensation is subject to review and adjustment. In all private companies, an expense that is discretionary to the owner in terms of size, timing and payment method may represent not only compensation for services rendered, but also disguises dividends or profit distribution. The valuation of a business could be greatly affected by owner's compensation, or the lack thereof. This book is also an invaluable resource when valuing non-compete agreements or calculating personal vs. enterprise goodwill. If you purchased all these reports individually, the cost would be over $600.

The Executive Handbook on Compensation

Author : Charles H. Fay
Publisher : Simon and Schuster
ISBN 13 : 0684842335
Total Pages : 888 pages
Book Rating : 4.6/5 (848 download)

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Book Synopsis The Executive Handbook on Compensation by : Charles H. Fay

Download or read book The Executive Handbook on Compensation written by Charles H. Fay and published by Simon and Schuster. This book was released on 2001 with total page 888 pages. Available in PDF, EPUB and Kindle. Book excerpt: For more than fifty years, human resources departments have turned to HayGroup for concrete, practical advice on how to structure compensation programs. Also the authority behind leading books on compensation, HayGroup renders all others obsolete with this publication -- the new last word on compensation. The Executive Handbook on Compensation speaks directly to businesses' most important concerns, highlighting dramatic changes in the world of business over the past decade -- changes caused by the globalization of the economy, the diversification of the workforce, new work habits including flexible time and telecommuting, and organizational shifts that require that compensation packages maximize employee-employer partnerships like never before. The Executive Handbook on Compensation shows managers how to: -- Reward and retain key people -- Determine affordable, appropriate pay scales -- Evaluate employee expectations and boost morale -- Develop nontraditional and contingency-based compensation -- Use the latest electronic media to improve the way businesses document, evaluate, price, and plan jobs

An Introduction to Executive Compensation

Author : Steven Balsam
Publisher : Academic Press
ISBN 13 : 9780120771264
Total Pages : 410 pages
Book Rating : 4.7/5 (712 download)

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Book Synopsis An Introduction to Executive Compensation by : Steven Balsam

Download or read book An Introduction to Executive Compensation written by Steven Balsam and published by Academic Press. This book was released on 2002 with total page 410 pages. Available in PDF, EPUB and Kindle. Book excerpt: General readers have no idea why people should care about what executives are paid and why they are paid the way they are. That's the reason that The Wall Street Journal, Fortune, Forbes, and other popular and practitioner publications have regular coverage on them. This book not only proposes a reason - executives need incentives in order to maximize firm value (economists call this agency theory) - it also describes the nature and design of executive compensation practices. Those incentives can take the form of benefits (salary, stock options), or prerquisites (reflecting the status of the executive within the organizational culture.

Compensating Your Employees Fairly

Author : Stephanie R. Thomas
Publisher : Apress
ISBN 13 : 1430250402
Total Pages : 295 pages
Book Rating : 4.4/5 (32 download)

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Book Synopsis Compensating Your Employees Fairly by : Stephanie R. Thomas

Download or read book Compensating Your Employees Fairly written by Stephanie R. Thomas and published by Apress. This book was released on 2013-03-19 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: Compensation fairness is a universal preoccupation in today’s workplace, from whispers around the water cooler to kabuki in the C-suite. Gender discrimination takes center stage in discussions of internal pay equity, but many other protected characteristics may be invoked as grounds for alleging discrimination: age, race, disability, physical appearance, and more. This broad range of vulnerability to discrimination charges is often neglected in corporate assessments of how well compensation systems comply with the law and satisfy employee norms of fairness. Blind spots in general equity constitute a serious threat to organizational performance and risk management. In Compensating Your Employees Fairly, a respected practitioner and consultant lays out in practical terms everything you need to know to protect your company along the full spectrum of internal pay equity issues, including all the technical methods you need to optimize compliance and minimize risk. Compensating Your Employees Fairly is a timely survey and comprehensive handbook for compensation specialists, HR professionals, EEO compliance officers, and in-house counsel. It provides all the information you need to ensure that compensation systems are equitable, auditable, internally consistent, and externally compliant with equal employment opportunity laws and regulations. The author presents technical information—both legal and statistical—in common-sense terms. Her non-technical breakdown of complex statistical concepts distills just as much as practitioners need to know in order to effectively deploy and interpret the standard applications of statistical analysis to internal pay equity. The focus throughout the book is on real-world application, current examples, and up-to-the-minute information on recent and pending wrinkles in the evolving legal landscape. Readers of Compensating Your Employees Fairly will learn: Why internal equity in compensation matters How to detect intentional and non-intentional discrimination in compensation The basics of statistical inference and multiple regression analysis The essentials of data availability, measurability, and collection The criteria for assessing compensation systems for internal equity How to investigate potential problems and react to formal complaints and actions How to avoid litigation and put in place ongoing measures for proactive self-auditing What you’ll learn Readers of Compensating Your Employees Fairly will learn: Why internal equity in compensation matters How to detect intentional and non-intentional discrimination in compensation How to investigate potential problems and react to formal complaints and actions How to avoid litigation and put in place ongoing measures for proactive self-auditing Who this book is for HR professionals, compensation specialists, EEO compliance officers, in-house counsel, and employment attorneys will find invaluable the expert author’s non-technical treatment of the technical issues that are essential to understanding all facets of internal pay equity. Without a working understanding of how to make their data tell a clear story, these various professionals cannot ensure that their compensation systems are equitable, auditable, and demonstrably compliant with equal employment opportunity laws and regulations. Table of Contents Why Equity in Compensation Matters Types of Discrimination in Compensation Multiple Regression Analysis The Data Regression Models of Equal Pay Other Tests of Equal Pay Analysis Follow-Up The Changing Landscape of Pay Equity Enforcement Causes of the Gender Pay Gap Litigation Avoidance and Proactive Self-Analysis The Basics of Statistical Inference

Pay Matters: The Art and Science of Employee Compensation

Author : David Weaver
Publisher : Lioncrest Publishing
ISBN 13 : 9781544516691
Total Pages : 210 pages
Book Rating : 4.5/5 (166 download)

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Book Synopsis Pay Matters: The Art and Science of Employee Compensation by : David Weaver

Download or read book Pay Matters: The Art and Science of Employee Compensation written by David Weaver and published by Lioncrest Publishing. This book was released on 2020-10-10 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most organizations fail to pay their employees properly-not because they don't want to, but because they don't approach compensation with a plan. The compensation landscape is changing rapidly. If you don't pay your employees what they're worth, not only will your competitors leave you behind, but you'll also leave yourself open to legal, social, and political backlash. As an HR professional or manager, how do you navigate the confusing world of compensation? Pay Matters is your go-to guide for demystifying the art and science of compensation. Step-by-step, David Weaver explains how to perform a detailed market analysis that reveals exactly how much each position in your organization should be paid. You'll also learn how to develop a pay philosophy specifically tailored to your organization and strike the elusive balance between profit and labor costs. With precisely calibrated base salaries, rewards programs, and enticing incentives, you'll be able to keep your best employees. Don't leave salaries open to the caprices of your organization's senior leaders. Approach them confidently with a proven methodology. After all, pay matters.

Global Compensation

Author : Luis Gomez-Mejia
Publisher : Routledge
ISBN 13 : 1135974284
Total Pages : 247 pages
Book Rating : 4.1/5 (359 download)

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Book Synopsis Global Compensation by : Luis Gomez-Mejia

Download or read book Global Compensation written by Luis Gomez-Mejia and published by Routledge. This book was released on 2008-08-06 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt: Part of Routledge’s Global HRM series, this unique new text gives an in-depth and detailed analysis of the key themes and emerging topics faced by global enterprises when dealing with compensation issues today