Strategic Compensation Management (Third Edition)

Author: Marco Tocchio / Liu Xiaogang / Tong Jia
Publisher:
Publish Date: 2005-11-25
Features: This book focuses on strategic compensation as its core, with implementation processes as its thread, deeply exploring compensation design plans and scientific management methods. It tightly connects plans, tools, and concepts, presenting a complete scientific system from evaluation, design to application in a well-structured and highlight-focused manner. Combined with specific case studies, each tool and method is made universally applicable, practical, and easy to implement. Specifically, the book includes 5 parts and 14 chapters, discussing the steps to formulate strategic compensation, wage foundations, compensation system design, employee benefits, and the challenges of contemporary strategic compensation. In this book, compensation is regarded as a potential means for enterprises to enhance competitive advantages, emphasizing that compensation strategies should be formulated at the corporate strategy level, based on the company's competitive strategy and changes in internal and external environments. As a functional management activity, compensation management must align with the needs of organizational strategic management. The design of strategic compensation should strengthen the organization's competitive advantages and facilitate the achievement of organizational goals. How to manage the funds at your disposal? How to establish a scientific compensation system? How to maximize the motivational effects of compensation? By reading and studying this book, you will gain insights into solving these questions. This book is suitable for senior undergraduate students, MBA and graduate students in human resource management, as well as professionals in related fields and corporate management personnel.