Build a compensation system for Fortune 500 companies

Author: Jin Haizhong
Publisher:
Publish Date: 2004-01-01
Features: This book is structured based on six core compensation principles and the four components of total compensation. The six principles ensure consistency in purpose and direction across various compensation measures, forming a unified theme. The book elaborates on compensation in various scenarios, ranging from team-based pay, compensation for scarce talent, executive compensation, to M&A compensation and international compensation. Each section is both independent and an integral part of a cohesive whole, offering a comprehensive exploration of the potential power of compensation. Additionally, the author cites numerous case studies from successful companies to support the arguments, making them highly persuasive.
Target Audience: Senior executives, managers, and professionals in human resources/payroll/benefits.
Every employee desires better wages and other forms of compensation, while every company seeks the right talent to achieve its goals. As employees grow and companies develop, establishing a fair and comprehensive compensation system becomes inevitable. Wages can serve as an effective communication tool, helping to gain employees' understanding, alignment, and support regarding values, direction, and the company. Total compensation integrates base pay with attractive career prospects, personal growth, and a motivating work environment, fostering a win-win partnership between the company and its employees. This collaboration enhances organizational effectiveness and drives the achievement of overall business objectives. This book aims to show readers how to do it.