Compensation 13th Edition by George Milkovich

Compensation 13th Edition by George MilkovichBy: George MilkovichPublisher: McGraw-Hill Higher EducationPrint ISBN: 9781260043723, 126004372Xother ISBN: 9781260486100, 1260486109Edition: 13thCopyright year: 2020This book focuses on the strategic choices in managing compensation. We introducethese choices, real-world issues that managers confront from New York to New Zealandand all points between, in the total compensation model in Chapter 1. This model providesan integrating framework that is used throughout the book. Major compensationissues are discussed in the context of current theory, research, and practice. The practicesillustrate new developments as well as established approaches to compensation decisions.We live in interesting times. Anywhere you look on the globe today, economic andsocial pressures are forcing managers to rethink how people get paid and what differenceit makes. Traditional approaches to compensation are being questioned. But what isbeing achieved by all this experimentation and change? What is merely fad and fashion,and what, instead, is supported by the evidence? In this book, we strive to separate beliefsfrom facts, wishful thinking from demonstrable results, and opinions from research.Yet when all is said and done, managing compensation is part science, but also part art.Each chapter contains at least one e-Compensation box to point you to some ofthe vast compensation information on the Internet. Real-life Your Turn cases ask youto apply the concepts and techniques discussed in each chapter. For example, theYour Turn in Chapter 9 draws on Professor Newman?s experience when he workedundercover for 14 months in seven fast-food restaurants. The case takes you into thegritty details of the employees? behaviors (including Professor Newman?s) duringrush hour, as they desperately worked to fill customers? orders and meet their ownperformance targets set by their manager. You get to recommend which rewards willimprove employees?performance (including Professor Newman?s) and customers? satisfaction.We tackle major compensation issues from three sides: theory, research, andpractice?no problem can survive that onslaught!