Acronyms; Preface; Case discussions; 1. Introduction; 2. Compensation contract failure and wage theft; 3. Compensating differentials; 4. External constraints on pay; 5. Internal constraints on pay; 6. Compensation analytics I; 7. Compensation analytics II; 8. Training; 9. Pay for performance; 10. Executive compensation and stock options; 11. Benefits; 12. Turnover management and talent retention; 13. Promotions and pay; 14. Negotiation and bargaining; 15. Compensation in nonprofits, the public sector, and small businesses; Last remark; Further resources; Index.
This engaging core textbook on compensation develops a market-driven perspective, written with managers in mind.
Jed DeVaro is the Wang Family Professor of Management and Economics, and Chair of the Department of Economics at California State University, East Bay where he teaches an M.B.A. course in Strategic Compensation and Reward Systems. He is a research fellow at Cornell University's Institute for Compensation Studies, a Senior Research Fellow at the Research Institute for the Finnish Economy, and an editor at IZA World of Labor. His published articles on compensation and related topics span economics, finance, strategy, organizational behavior, and human resources management.
'This is the best book on compensation I have seen. It should be
read by executives, not just compensation specialists. It provides
a fresh and highly useful perspective, showing how the causes and
effects of compensation reflect the underlying dynamics of the
labor market. And - unlike most compensation books - the writing is
engaging, with a rich set of real-world examples.' Michael Gibbs,
University of Chicago
'If your job requires managing people - and whose job does not? -
then this book is an essential resource. The academic literature
has made great strides in recent years in better understanding what
goes on inside the 'Black Box', and this book encapsulates the key
lessons for managers focused on recruitment, retention, and
compensation of a highly skilled workforce.' Michael Waldman,
Cornell University
'This book marks a coming-of-age for personnel economics. It
is comprehensive, authoritative, engaging, and accessible to
practitioners, students, and academics alike. I will be
recommending it to my students as a must-read.' Alex Bryson,
University College London
'This text provides an excellent introduction to compensation,
talent management, and HR analytics for MBA and other business
students. It applies economic principles to real-world problems and
is written in an easily accessible, conversational style.' Tor
Eriksson, Aarhus University
'Strategic Compensation and Talent Management gets to the heart of
what compensation is really about: attracting, retaining, and
motivating the people who accomplish an organization's goals.
DeVaro uses economics to give students of compensation an
intellectual foundation, then builds upon this with references to a
wide range of vignettes and case studies. This approach should
benefit advanced undergraduates, master's students, and even
compensation practitioners who want to see the forest through the
trees.' Alan Benson, University of Minnesota
'… an excellent example of how to write for amanagement audience,
drawing on key concepts in economics, management, psychology and
organizational behaviour while avoiding all the jargon and
technical detail.' Alex Bryson
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