Strategic Compensation

This textbook examines the strategic role of employee compensation within human resource systems. It delves into the context and frameworks influencing compensation decisions, including incentive pay, merit and seniority-based pay, person-focused and market-based compensation. The edition covers system design practices, discretionary and legally required benefits, compensation for executives and flexible workforce, and pay practices for expatriates and international assignments. Real-world company examples (Apple, Uber, Boeing, Wyeth) illustrate key concepts such as proxy statements and CEO pay ratio rules, reinforcing strategic decision-making skills for aspiring compensation professionals.