Strategic Compensation: A Human Resource Management Approach, Global Edition

Joseph J. Martocchio  
Total pages
January 2015
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Strategic Compensation: A Human Resource Management Approach, Global Edition
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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.

MyManagementLab for Strategic Compensation is a total learning package. MyManagementLab is an online homework, tutorial, and assessment program that truly engages students in learning. 

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A flexible format: Cover topics based on your semester schedule.

  • Cover topics based on your semester schedule: A flexible format. This text contains sixteen chapters, which can be tailored to suit a ten- or fifteen-week schedule. These chapters are also broken down into six parts to help further segment the material into a typical semester timeframe:
  • Part I: Setting the Stage for Strategic Compensation
  • Part II: Bases for Pay
  • Part III: Designing Compensation Systems
  • Part IV: Employee Benefits
  • Part V: Contemporary Strategic Compensation Challenges
  • Part VI: Compensation Issues Around the World

Real-world topics that are relevant to all business majors: Numerous cases and interesting, engaging material will apply and appeal to all business students regardless of their major.

  • Compensation in Action. A Compensation in Action section  at the end of every chapter provides an insider's perspective on compensation management. This feature provides clear and functional information that illustrates how line managers, employees, and compensation professionals interact to put compensation concepts into practice.
  • Brief end-of-chapter cases. Real-world compensation issues are highlighted in this text’s short end-of-chapter cases. These cases are accompanied by questions to facilitate class discussion, and can be used as homework assignments. Recommended answers are provided in the resources section of the text’s website:
  • Material that’s accessible to majors and non-majors. Virtually ever manager will be involved in making compensation decisions, which is why this text is relevant to human resource management majors, as well as accounting, finance, management, international management, marketing, and organizational behavior majors.Even practitioners starting to work in compensation or current professionals will find Strategic Compensation a useful reference.

New to this Edition

Chapter 16, titled “Challenges Facing Compensation Professionals,” covers more pertinent issues than included in the seventh edition. This chapter informs students that there is much more to consider besides the fundamentals of compensation design that are detailed in Chapters 1 through 15. Chapter 16 also addresses seven key issues among many that will shape the work of compensation and benefits professionals in the future:

  • Fallout from the “Great Recession”
  • Underemployment: Implications for compensation
  • Executive compensation
  • Rising wages in China
  • Challenges in health care reform
  • Workforce demographic shifts
  • Marriage between same-sex individuals and the U.S. Supreme Court ruling on the Defense of Marriage Act

Chapter 7 adds a section on pay policy mix, which is a key element that compensation professionals must consider when designing market competitive pay systems.

Chapter 2 describes the main provisions of the Patient Protection and Affordable Care Act of 2010.

All chapters have been thoroughly revised to describe current statistics and issues of importance for compensation professionals.

The Building Strategic Compensation Systems case is now available online in MyManagementLab and includes the CompAnalysis Software necessary to complete sections of the project. The software is compatible with Windows and Mac platforms.

Table of Contents

Part I: Setting the Stage for Strategic Compensation 

Chapter 1: Strategic Compensation

Chapter 2: Contextual Influences on Compensation Practice 

Part II: Bases for Pay 

Chapter 3: Traditional Bases for Pay

Chapter 4: Incentive Pay 

Chapter 5: Person-Focused Pay 

Part III: Designing Compensation Systems 

Chapter 6: Building Internally Consistent Compensation Systems 

Chapter 7: Building Market-Competitive Compensation Systems 

Chapter 8: Building Pay Structures that Recognize Employee Contributions 

Part IV: Employee Benefits 

Chapter 9: Discretionary Benefits 

Chapter 10: Employer-Sponsored Retirement Plans and Health Insurance Programs 

Chapter 11: Legally Required Benefits 

Part V: Contemporary Strategic Compensation Challenges  

Chapter 12: Compensating Executives 

Chapter 13: Compensating the Flexible Workforce

Part VI: Compensation Issues Around the World 

Chapter 14: Compensating Expatriates 

Chapter 15: Pay and Benefits outside the United States 


Chapter 16: Challenges Facing Compensation Professionals