Test Bank for Strategic Compensation in Canada 6th Edition by Long
Product details:
- ISBN-10 : 0176657169
- ISBN-13 : 978-0176657161
- Author: Richard J. Long
Strategic Compensation in Canada is part of the market-leading Nelson Series in Human Resources Management. In this sixth edition, we welcome Dr. Parbudyal Singh onto the project, who brings a wealth of experience and knowledge, while maintaining the foundation built by the late Dr. Richard Long. Recognizing that no single compensation systems fits all organizations, the authors provide a systematic framework for identifying and designing a compensation system that will add value to an organization and meet their overall goals. While other resources focus on the behavioural principles in compensation or the technical details of compensation, Strategic Compensation in Canada goes beyond and includes a balanced, comprehensive, and integrated presentation of strategic, behavioural, and technical principles. Our inclusion of the strategic aspects, along with the behavioral and technical, provides students with a fulsome approach, ensuring a better understanding of all aspects when creating effective compensation systems.
Table contents:
- PART 1 STRATEGY, REWARDS, AND BEHAVIOUR
- Chapter 1 A Road Map to Effective Compensation
- Chapter Learning Objectives
- Opening Vignette: A Whopping Salary Increase for Everyone! Does It Work?
- Introduction to the Importance of Compensation Systems
- Your Compensation System: Asset or Liability?
- The Premise of This Book
- Role and Purpose of the Compensation System
- Extrinsic vs. Intrinsic Rewards
- Rewards vs. Incentives
- Reward vs. Compensation Strategy
- Criteria for Success: Goals for the Compensation System
- A Road Map to Effective Compensation
- Step I: Understand Your Organization and Your People
- Step II: Formulate Your Reward and Compensation Strategy
- Step III: Determine Your Compensation Values
- Step IV: Design Your Performance Pay and Indirect Pay Plans
- Step V: Implement, Manage, Evaluate, and Adapt the Compensation System
- The Context of Compensation Management
- Summary
- Key Terms
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