Job Analysis ........................................................................................... Nature of Job Analysis ................................................................... Dimensions of Job Analysis........................................................... Job Analysis Process..................................................................... Job Description .............................................................................. Job Evaluation ....................................................................................... Nature of Job Evaluation................................................................ Job Evaluation Process ................................................................. Compensable Factors.................................................................... Job Evaluation Methods.................................................................
35 35 36 39 41 42 42 43 44 45
COMPENSATION ADMINISTRATION
2021 04-AC-00047-0 978-621-04-2417-1 BSBA major in Human Resource Management 48 Dimensions of Wage Surveys........................................................ 48 Sources of Wage Surveys.............................................................. 49 Data Collection and Analysis ......................................................... 50 Chapter Summary ................................................................................. Chapter Activities .................................................................................. Job Structure.................................................................................. Market Rate Analysis ............................................................................ 48 51 55
COPYRIGHT: ITEM CODE: ISBN: PROGRAMS:
Research Outputs .......................................................................... Case Study .................................................................................... Compensation Issues .................................................................... Vocabulary ..................................................................................... Questions for Review..................................................................... Your Turn........................................................................................ Teamwork....................................................................................... CHAPTER 3 SALARY STRUCTURE DECISIONS Chapter Overview .................................................................................. What Can You Say? ............................................................................... Minimum Wage ...................................................................................... Salary Structures .................................................................................. Factors Affecting Salary Structures ............................................... Developing the Salary Structure .................................................... Pay Grades .................................................................................... Types of Salary Structure...............................................................
55 56 56 59 61 63 65 67 68 68 69 69 70 72 73 76 77 79 79 80 80 83 85 87 89 93 94 94 95 96 98 98 99
SCAN ME
CONTENTS CONTENTS
Preface .............................................................................................................
vii
CHAPTER 1 FOUNDATION OF COMPENSATION ADMINISTRATION Chapter Overview .................................................................................. 1 What Can You Say? ............................................................................... 2 Nature of Compensation ....................................................................... 3 Basic Types of Compensation ....................................................... 3 Objectives of Compensation.......................................................... 4 Classification of Compensation .......................................................... 5 Policies Affecting Compensation ........................................................ 6 Components of a Compensation System ........................................... 7 Theories on Wages ............................................................................... 9 Difference Between Wage and Salary ................................................. 12 Compensation Concepts ...................................................................... 12 Labor Market Theories .......................................................................... 15 Chapter Summary ................................................................................. 19 Chapter Activities .................................................................................. 22 Research Outputs .......................................................................... 22 Case Study .................................................................................... 23 Compensation Issues .................................................................... 23 Vocabulary ..................................................................................... 25 Questions for Review..................................................................... 27 Your Turn........................................................................................ 29 Teamwork....................................................................................... 31
Managing the Salary Structure ...................................................... Chapter Summary ................................................................................. Chapter Activities .................................................................................. Research Outputs .......................................................................... Case Study .................................................................................... Compensation Issues .................................................................... Vocabulary ..................................................................................... Questions for Review..................................................................... Your Turn........................................................................................ Teamwork.......................................................................................
iv
CHAPTER 4 FORMS OF COMPENSATION Chapter Overview .................................................................................. What Can You Say? ............................................................................... Compensation Philosophies ................................................................ Contingent Pay ...................................................................................... Individual Contingent Pay .............................................................. Team-based Pay ............................................................................ Organizational Performance-based Pay........................................ Compensation for Executives .............................................................. Compensation for Salespeople ........................................................... Computerization of Payroll System ..................................................... Chapter Summary ................................................................................. Chapter Activities .................................................................................. Research Outputs .......................................................................... Case Study .................................................................................... Compensation Issues .................................................................... Vocabulary ..................................................................................... Questions for Review..................................................................... Your Turn........................................................................................ Teamwork....................................................................................... CHAPTER 5 EMPLOYEE BENEFITS ADMINISTRATION Chapter Overview .................................................................................. What Can You Say? ............................................................................... Objectives and Justification of Employee Benefits ..........................
CHAPTER 2 JOB VALUES AND COMPENSATION DECISIONS Chapter Overview .................................................................................. What Can You Say? ............................................................................... Job Analysis ........................................................................................... Nature of Job Analysis ................................................................... Dimensions of Job Analysis........................................................... Job Analysis Process..................................................................... Job Description .............................................................................. Job Evaluation ....................................................................................... Nature of Job Evaluation................................................................ Job Evaluation Process ................................................................. Compensable Factors.................................................................... Job Evaluation Methods................................................................. Job Structure.................................................................................. Market Rate Analysis ............................................................................ Dimensions of Wage Surveys........................................................ Sources of Wage Surveys.............................................................. Data Collection and Analysis ......................................................... Chapter Summary ................................................................................. Chapter Activities .................................................................................. Research Outputs .......................................................................... Case Study .................................................................................... Compensation Issues .................................................................... Vocabulary ..................................................................................... Questions for Review..................................................................... Your Turn........................................................................................ Teamwork....................................................................................... CHAPTER 3 SALARY STRUCTURE DECISIONS Chapter Overview .................................................................................. What Can You Say? ............................................................................... Minimum Wage ...................................................................................... Salary Structures ..................................................................................
33 35 35 35 36 39 41 42 42 43 44 45 48 48 48 49 50 51 55 55 56 56 59 61 63 65
iii
100 101 103 105 105 105 106 107 108 109 111
113 114 114
v
82
67 68 68 69
Made with FlippingBook interactive PDF creator