For graduate and undergraduate courses in compensation, staffing, and human resources.
The art and science of compensation practice.
Strategic Compensation: A Human Resource Management Approach illustrates the art and science of compensation practice and its role in promoting a company’s competitive advantage.
The sixth edition has been thoroughly revised to reflect the latest data and issues, and contains new features and cases.
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Martocchio's research interests focus on various human resource management issues, including employee training, compensation, and absenteeism. He is the author of numerous articles in such journals as Journal of Applied Psychology, Personnel Psychology, Academy of Management Journal, and the Industrial and Labor Relations Review. Martocchio received the Ernest J. McCormick Award for Distinguished Early Career Contributions from the Society for Industrial and Organizational Psychology. He also is a fellow of the Society as well as the American Psychological Association.
Martocchio is the editor of an annual research series titled Research in Personnel and Human Resources Management, published by Elsevier. The series publishes monograph length conceptual papers designed to promote theory and research on important substantive and methodological topics in the field of human resources management.
He is currently the Professional Development Workshop Chair of the Academy of Management Human Resource Division. He will assume additional leadership roles, culminating in the Chair of the HR Division.
From the Back Cover:
Success in the marketplace is as much a function of the way business practitioners manage employees as it is a function of a company's structure and financial resource Compensating employees represents a critical human resource management practice; Without sound compensation systems, companies would not be able to attract and retain the best qualified employees.
Compensation systems can promote companies' competitive advantages when properly aligned with strategic goals. Likewise, compensation practices can undermine competitive advantages when designed and implemented haphazardly. The title of this book—Strategic Compensation: A Human Resource Management Approach—reflects the importance of employees as key elements of strategic compensation programs.
This book provides a solid understanding of the art of compensation practice and its role in promoting companies' competitive advantages. Students will be best prepared to assume the roles of competent compensation professionals if they possess a grounded understanding of compensation practices and the environments in which business professionals plan, implement, and evaluate compensation systems. Thus, we examine the context of compensation practice, the criteria used to compensate employees, compensation system design issues, employee benefits, and contemporary challenges that compensation professionals will face well into this century.
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