Test Bank for Compensation 6th edition by Margaret Yap 9781264159437

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ISBN-13 :  9781264159437

Author : Margaret Yap 

Compensation Fifth Canadian Edition is based upon the strategic choices in managing compensation – pay matters! The Great Recession (late 2000 and early 2010s) had huge ramifications for pay. There were many lessons learned about cutting hours and pay, versus layoffs, or how/why employees are compensated. Pay matters globally as well. Milkovich strives to cull beliefs from facts, wishful thinking from demonstrable results, and opinions from research. Managing compensation is an art and Milkovich is based on strategic choices in managing compensation. These choices, which confront managers, are introduced in the total compensation model in Chapter 1. The model serves as an integrating framework throughout the text. Major compensation issues are covered in the context of current theory, research, and practices. Canadian laws, facts, policies and procedures, and examples are well incorporated throughout.

 

Test Bank for Compensation 6th Table of contents:

Chapter 1 The Pay Model
Chapter 2 Strategy: The Totality of Decisions

PART I Internal Alignment: Determining the Structure
Chapter 3 Defining Internal Alignment
Chapter 4 Job Analysis
Chapter 5 Job-Based Pay Structures and Job Evaluation
Chapter 6 Person-Based Pay Structures

PART II External Competitiveness: Determining the Pay Level
Chapter 7 Defining External Competitiveness
Chapter 8 Designing Pay Levels, Pay Mix, and Pay Structures
Appendix 8 – A Calculating a Market Line Using Regression Analysis
Chapter 9 Employee Benefits

PART III Employee Contributions: Determining Variable Pay Chapter 10Pay for Performance: Performance Appraisal and Plan Design
Chapter 11 Pay-for-Performance Plans

PART IV Managing the System
Chapter 12 The Roles of Governments and Unions in Compensation
Chapter 13 Compensation Budgets and Administration

 

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Tags: Compensation, Great Recession, huge ramifications, versus layoffs