Effective Compensation Management For Competitive Advantages

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Effective Compensation Management for Competitive Advantages

Author : Pankaj M. Madhani
Publisher :
ISBN 13 :
Total Pages : 16 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Effective Compensation Management for Competitive Advantages by : Pankaj M. Madhani

Download or read book Effective Compensation Management for Competitive Advantages written by Pankaj M. Madhani and published by . This book was released on 2014 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: Indian IT industry is characterized by high growth largely through exports to various international markets. Exports have been a main focus of the Indian IT industry and a major source of revenues. Performance of this sector is negatively influenced by reduced IT expenditure due to downturn of business cycle in developed economy such as US and Europe, increased market competition, and rising wage bills of IT firms. Compensation cost accounts for nearly 60 per cent of total revenue of the firms. Increased pressure to enhance performance and profitability of the firm has motivated human resources (HR) managers to identify and implement effective compensation plans for their employees. Restructuring fixed and variable pay in the pay mix helps firms in maintaining proper leverage ratio for mitigating adverse impact of contraction phase of business cycle. This paper provides matrix and framework for effectively designing compensation strategy for IT firms.

Compensation Management

Author : Deb
Publisher : Excel Books India
ISBN 13 : 9788174466907
Total Pages : 444 pages
Book Rating : 4.4/5 (669 download)

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Book Synopsis Compensation Management by : Deb

Download or read book Compensation Management written by Deb and published by Excel Books India. This book was released on 2009 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Paying for Performance

Author : Peter T. Chingos
Publisher : John Wiley & Sons
ISBN 13 : 0471273740
Total Pages : 417 pages
Book Rating : 4.4/5 (712 download)

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Book Synopsis Paying for Performance by : Peter T. Chingos

Download or read book Paying for Performance written by Peter T. Chingos and published by John Wiley & Sons. This book was released on 2002-10-15 with total page 417 pages. Available in PDF, EPUB and Kindle. Book excerpt: An up-to-date, revised edition of the complete, practical guide to designing and implementing effective compensation plans A compensation package should be more than just the means to attract and retain talented executives. The right kind of plan can give your company a powerful strategic advantage. In Paying for Performance, Second Edition, consultants at Mercer Human Resource Consulting, Inc., one of the world's leading human resources consulting firms, give you the tools and techniques you need to design and implement a highly effective compensation program that will sharpen your company's competitive edge for years to come. The book also shows you how to understand shareholder expectations, government regulation, and a host of business and human resources issues. Paying for Performance, Second Edition: * Describes best practices used at America's top-performing companies * Offers proven pay-for-performance tools for addressing current and future pay issues * Uses case studies drawn from extensive Mercer Human Resource Consulting, Inc. research * Addresses the special issues affecting pay-for-performance in not-for-profits * Presents expert advice on managing talent and competencies to maximize performance * Addresses the regulatory issues that affect executive compensation * Covers everything from base pay to annual and long-term compensation

Strategic Compensation

Author : Joseph J. Martocchio
Publisher :
ISBN 13 :
Total Pages : 470 pages
Book Rating : 4.3/5 (555 download)

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Book Synopsis Strategic Compensation by : Joseph J. Martocchio

Download or read book Strategic Compensation written by Joseph J. Martocchio and published by . This book was released on 1998 with total page 470 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dr. Martocchio delivers a thoroughly modern approach to compensation and its role in promoting companies' competitive advantages. He not only addresses the traditional aspects of compensation, such as job analysis, salary surveys, and pay structure, but also tackles up-to-the-minute topics like knowledge-based pay, compensation for contingent workers, and executive compensation.

Paying for Performance

Author : Peter T. Chingos
Publisher : Wiley
ISBN 13 : 9780471174875
Total Pages : 0 pages
Book Rating : 4.1/5 (748 download)

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Book Synopsis Paying for Performance by : Peter T. Chingos

Download or read book Paying for Performance written by Peter T. Chingos and published by Wiley. This book was released on 1997-09-11 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: An effective executive compensation plan isn't just the happy medium between what a company can afford and what employees will settle for. A well-designed plan is a powerful tool that fosters excellence and builds competitive advantage. Unfortunately, increased scrutiny from shareholders and the public, as well as a battery of new laws and regulations concerning executive compensation, have made an already difficult task seem insurmountable. In this climate, executives, human resources personnel, and shareholders must work together to develop compensation plans that balance business issues such as fiscal responsibility, competitive advantage, and human resources concerns with a complex body of law. Paying for Performance is a hands-on guide to designing and implementing successful executive compensation plans. It provides proven compensation models and a set of powerful tools to help you solve existing problems and avoid future ones. This guide covers a broad range of crucial compensation issues, from performance management to taxes, variable pay programs to peer reviews, equity plans to retirement planning. You'll also find detailed analyses of the various approaches taken in companies throughout North America and practical guidance on how to adapt the best ones for your company. The compensation models described in Paying for Performance are based on two wide-scale research projects conducted by KPMG Peat Marwick in conjunction with the American Compensation Association. Over the course of several years, team members, headed by Peter Chingos, investigated policies among both high- and low-performers across most business sectors. The case studies presented throughout this book reflect the best (and occasionally the worst) compensation practices now employed at many of America's most successful companies. Paying for Performance follows a consistent model/case study format. This format makes for easy reference, allows you to witness the techniques described in action, and enables you to compare and contrast your company's policies with those practiced at leading organizations. Paying for Performance is a valuable resource for CFOs, COOs, senior HR managers, board members, and all those involved with the design and implementation of executive compensation programs. A complete, practical guide to designing and implementing effective executive compensation plans A compensation package can be more than just the bait you use to attract and hold on to talented executives. The right kind of plan can give your company a powerful strategic advantage. In Paying for Performance, one of the nation's leading authorities on compensation management gives you the tools and techniques you need to design and implement a highly effective compensation program that will sharpen your company's competitive edge for years to come. The book also shows you how to navigate the rocky shoals of shareholder expectations, government regulation, and a host of business and human resources issues. Paying for Performance: Describes best practices used at America's top-performing companies Uses case studies drawn from an exhaustive nationwide study Offers proven tools for solving current and future problems Covers everything from base pay and reward systems to accounting issues Follows a model/case study format that makes for easy reference.

Strategic Compensation: A Human Resource, Global Edition

Author : Joseph J. Martocchio
Publisher : Pearson Higher Ed
ISBN 13 : 1292075945
Total Pages : 410 pages
Book Rating : 4.2/5 (92 download)

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Book Synopsis Strategic Compensation: A Human Resource, Global Edition by : Joseph J. Martocchio

Download or read book Strategic Compensation: A Human Resource, Global Edition written by Joseph J. Martocchio and published by Pearson Higher Ed. This book was released on 2015-01-26 with total page 410 pages. Available in PDF, EPUB and Kindle. Book excerpt: The full text downloaded to your computer With eBooks you can: search for key concepts, words and phrases make highlights and notes as you study share your notes with friends eBooks are downloaded to your computer and accessible either offline through the Bookshelf (available as a free download), available online and also via the iPad and Android apps. Upon purchase, you'll gain instant access to this eBook. Time limit The eBooks products do not have an expiry date. You will continue to access your digital ebook products whilst you have your Bookshelf installed. For graduate and undergraduate courses in compensation, staffing, and human resources. Strategic Compensation: A Human Resource Management Approach illustrates the art and science of compensation practice and its role in promoting a company’s competitive advantage.

The Compensation Handbook, Sixth Edition: A State-of-the-Art Guide to Compensation Strategy and Design

Author : Lance A. Berger
Publisher : McGraw Hill Professional
ISBN 13 : 0071838236
Total Pages : 864 pages
Book Rating : 4.0/5 (718 download)

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Book Synopsis The Compensation Handbook, Sixth Edition: A State-of-the-Art Guide to Compensation Strategy and Design by : Lance A. Berger

Download or read book The Compensation Handbook, Sixth Edition: A State-of-the-Art Guide to Compensation Strategy and Design written by Lance A. Berger and published by McGraw Hill Professional. This book was released on 2015-07-06 with total page 864 pages. Available in PDF, EPUB and Kindle. Book excerpt: Publisher's Note: Products purchased from Third Party sellers are not guaranteed by the publisher for quality, authenticity, or access to any online entitlements included with the product. The definitive guide for HR and compensation professionals—revised to help you achieve a sustainable competitive advantage for your company The theme of the sixth edition of the classic compensation guide aligns with business’s number-one goal today: achieving a sustainable competitive advantage. The Compensation Handbook shows you how to deal effectively with five strategic human capital issues: innovation, attracting talent and retention, big data, workforce changes, business advantage through compensation programs.

Strategic Compensation: A Human Resource, 3/E

Author : Martocchio
Publisher : Pearson Education India
ISBN 13 : 9788177583830
Total Pages : 532 pages
Book Rating : 4.5/5 (838 download)

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Book Synopsis Strategic Compensation: A Human Resource, 3/E by : Martocchio

Download or read book Strategic Compensation: A Human Resource, 3/E written by Martocchio and published by Pearson Education India. This book was released on 2004-09 with total page 532 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Strategic Compensation

Author : Joseph J. Martocchio
Publisher : Prentice Hall
ISBN 13 : 9780133575453
Total Pages : 0 pages
Book Rating : 4.5/5 (754 download)

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Book Synopsis Strategic Compensation by : Joseph J. Martocchio

Download or read book Strategic Compensation written by Joseph J. Martocchio and published by Prentice Hall. This book was released on 2014-01-09 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: For graduate and undergraduate courses in compensation, staffing, and human resources. The art and science of compensation practice. Strategic Compensation: A Human Resource Management Approach illustrates the art and science of compensation practice and its role in promoting a company s competitive advantage. MyManagementLab for Strategic Compensation is a total learning package. MyManagementLab is an online homework, tutorial, and assessment program that truly engages students in learning. It helps students better prepare for class, quizzes, and exams resulting in better performance in the course and provides educators a dynamic set of tools for gauging individual and class progress. This program will provide a better teaching and learning experience for you and your students. Here s how: Improve Results with MyManagementLab: MyManagementLab delivers proven results in helping students succeed and provides engaging experiences that personalize learning. A flexible format: Cover topics based on your semester schedule. Real-world topics that are relevant to all business majors: Numerous cases and interesting, engaging material will apply and appeal to all business students regardless of their major. Note: You are purchasing a standalone product; MyManagementLab does not come packaged with this content. If you would like to purchase both the physical text and MyManagementLab search for ISBN-10: 0133802027/ISBN-13: 9780133802023. That package includes ISBN-10: 0133457109/ISBN-13: 9780133457100 and ISBN-10: 0133486680/ISBN-13: 9780133486681. MyManagementLab is not a self-paced technology and should only be purchased when required by an instructor. "

Strategic Compensation

Author : Joseph Martocchio
Publisher :
ISBN 13 : 9780134320540
Total Pages : 0 pages
Book Rating : 4.3/5 (25 download)

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Book Synopsis Strategic Compensation by : Joseph Martocchio

Download or read book Strategic Compensation written by Joseph Martocchio and published by . This book was released on 2016-01-03 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Strategic Compensation: A Human Resource Management Approach demonstrates the art and science of compensation practice and its role in a company's competitive advantage. Through focused activities and supporting course material, students build a solid foundation to become proficient compensation professionals. The 9th Edition focuses on the context of compensation practice, the criteria used to compensate employees, compensation system design issues, employee benefits, the challenges of compensating key strategic employee groups, and pay and benefits around the world, preparing readers to assume the roles of successful compensation professionals.

An Optimal Sales Force Compensation Strategy

Author : Pankaj M. Madhani
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis An Optimal Sales Force Compensation Strategy by : Pankaj M. Madhani

Download or read book An Optimal Sales Force Compensation Strategy written by Pankaj M. Madhani and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This article explains organizational life cycle (OLC), its impact on organization performance, and response of human resources (HR) manager for effective compensation management. The primary objective of this paper is to propose a framework for selecting appropriate sales force compensation plan according to different stages of OLC. Rebalancing fixed and variable pay in compensation structure according to different stages of OLC will help organizations in designing optimal compensation strategy for building competitive advantage.

The Critical Role of Effective Compensation Management in the Attainment of Organizational Objectives

Author : Kabiru Olatunde Afuwape
Publisher : GRIN Verlag
ISBN 13 : 3346659070
Total Pages : 19 pages
Book Rating : 4.3/5 (466 download)

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Book Synopsis The Critical Role of Effective Compensation Management in the Attainment of Organizational Objectives by : Kabiru Olatunde Afuwape

Download or read book The Critical Role of Effective Compensation Management in the Attainment of Organizational Objectives written by Kabiru Olatunde Afuwape and published by GRIN Verlag. This book was released on 2022-06-09 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: Academic Paper from the year 2015 in the subject Organisation and administration - Miscellaneous, grade: 2.63, , course: Organisations & HR Management, language: English, abstract: This paper highlights the fact that not every employee values the same benefits, a potential solution is a flexible compensation program that allows each employee to choose customized benefits from a menu of options known as cafeteria benefits. To derive ultimate benefit from their employees, each organization should realize that there is no "one size fits all". Each organization should strive to achieve the best mix depending on its strategic objectives.

Paying for Performance

Author : Peter T. Chingos
Publisher : Wiley
ISBN 13 : 9780471176909
Total Pages : 416 pages
Book Rating : 4.1/5 (769 download)

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Book Synopsis Paying for Performance by : Peter T. Chingos

Download or read book Paying for Performance written by Peter T. Chingos and published by Wiley. This book was released on 2002-05-06 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: An up-to-date, revised edition of the complete, practical guide to designing and implementing effective compensation plans A compensation package should be more than just the means to attract and retain talented executives. The right kind of plan can give your company a powerful strategic advantage. In Paying for Performance, Second Edition, consultants at Mercer Human Resource Consulting, Inc., one of the world's leading human resources consulting firms, give you the tools and techniques you need to design and implement a highly effective compensation program that will sharpen your company's competitive edge for years to come. The book also shows you how to understand shareholder expectations, government regulation, and a host of business and human resources issues. Paying for Performance, Second Edition: * Describes best practices used at America's top-performing companies * Offers proven pay-for-performance tools for addressing current and future pay issues * Uses case studies drawn from extensive Mercer Human Resource Consulting, Inc. research * Addresses the special issues affecting pay-for-performance in not-for-profits * Presents expert advice on managing talent and competencies to maximize performance * Addresses the regulatory issues that affect executive compensation * Covers everything from base pay to annual and long-term compensation

Compensation and Remuneration

Author : Christiane Zügner
Publisher : GRIN Verlag
ISBN 13 : 3638419053
Total Pages : 29 pages
Book Rating : 4.6/5 (384 download)

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Book Synopsis Compensation and Remuneration by : Christiane Zügner

Download or read book Compensation and Remuneration written by Christiane Zügner and published by GRIN Verlag. This book was released on 2005-09-19 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research Paper (undergraduate) from the year 2005 in the subject Leadership and Human Resources - Miscellaneous, grade: 5, University of Cooperative Education Mannheim (International Business Administration), course: Leadership, language: English, abstract: This essay deals with the reward management of companies. Compensation and remuneration are important issues in human resource management. In the following chapters, we will describe the reward management in detail in order to give a basic understanding about this topic. First, the different levels of remuneration are presented which is a necessary background information. Furthermore we would like to concentrate on the practical work in the human resource department. We will describe how the operational tasks in compensation management are separated between the staff and how these tasks changed in the last decades due to changes in the business environment. In the following part we will name and explain more in detail important factors which influence the compensation and rewarding strategy. We add a short excursus concerning legal minimum wages. This topic is one significant force to control and manipulate the strategic decisions in the reward and compensation strategy. Moreover we will focus on performance related payment systems. This issue became more and more important in the last year and there are many employees who argue against such a system. We will explain it and afterwards we would like to name some arguments which are against this kind of a structure. Finally we will present a practical example of compensation management. We have chosen the global-acting company BASF because we could organise some background information and we think that this company uses some of the strategic tools we described in their compensation management. Not every company is willing to show their strategies to the public because they think that their competitors will profit from this knowledge.

Realigning Fixed and Variable Pay in Sales Organizations

Author : Pankaj M. Madhani
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Realigning Fixed and Variable Pay in Sales Organizations by : Pankaj M. Madhani

Download or read book Realigning Fixed and Variable Pay in Sales Organizations written by Pankaj M. Madhani and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This article explains the organizational life cycle, its impact on organization performance and role of an HR manager in effective compensation management. The stages in the life cycle are a key determinant of compensation strategies and their effectiveness in achieving organizational goals. The sales revenue, business risk and free cash flow of organizations change considerably during different stages of the organizational life cycle. Sales organizations must review, update and align their sales force compensation strategy in keeping with the organizational life cycle. Realigning fixed and variable pay in the compensation structure according to different stages of organizational life cycle will help organizations design an optimal compensation strategy for building competitive advantage.

People, Performance, & Pay

Author : Thomas P. Flannery
Publisher : Simon and Schuster
ISBN 13 : 074323653X
Total Pages : 292 pages
Book Rating : 4.7/5 (432 download)

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Book Synopsis People, Performance, & Pay by : Thomas P. Flannery

Download or read book People, Performance, & Pay written by Thomas P. Flannery and published by Simon and Schuster. This book was released on 2002-01-15 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: People, Performance, and Pay identifies today's four most common organizational work cultures - functional, process, time-based, and network - and explains how to align innovative pay policies with each. With examples from LEGO, Hallmark, Holiday Inn, and other leading organizations, the authors explain how to assess an organization's current culture and determine what its future culture should be. They then demonstrate pay's role in such change initiatives, and how compensation must be integrated with other human resource processes, such as selection, training, and performance management. They also discuss the full range of pay strategies available today and how they can be best used to move the organization forward; for example, they recommend decreasing an organization's emphasis on base pay as it shifts from a functional culture to a process, time-based, or network culture. They also offer guidance on establishing team rewards, especially important in process and team-based cultures, and make a compelling case for putting more pay at risk through variable pay strategies. Here also is strategic advice on competency-based pay, performance-based rewards such as gain-sharing, executive pay, and benefits programs. As responsibility for compensation strategies and compensation decisions shifts away from the realm of the Human Resource Department, line managers and senior executives will find People, Performance, and Pay an invaluable reference for effectively using salary, incentives, and benefits to motivate and reward employees, improve quality, and increase productivity.

Strategic Pay

Author : Edward E. Lawler
Publisher : Jossey-Bass
ISBN 13 :
Total Pages : 338 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Strategic Pay by : Edward E. Lawler

Download or read book Strategic Pay written by Edward E. Lawler and published by Jossey-Bass. This book was released on 1990-08-31 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: Make Your Pay System Pay Off A comprehensive look at not only the choices surrounding the development of a pay system but also the pros and cons associated with each choice....Thorough. --HR Magazine In this seminal work, acclaimed compensation expert Edward Lawler III shows companies that the way they pay can be an important source of competitive advantage. He reveals how pay strategies that draw a clear connection between pay and performance can support an organization's strategic objectives by communicating unmistakably what that organization values most. Moreover, he examines a wide range of performance-based pay practices--from piecework incentive systems to merit pay and skill-based pay--to demonstrate how compensation systems can be tailored to fit a variety of business strategies and management styles. Both traditional and nontraditional pay strategies are examined, with special emphasis given to designing pay systems that support participatory management and other innovative practices.