Product Description

For undergraduate courses in Compensation Management and Wage and Salary Administration. As the leading text in its field Compensation Management offers a practical exploration of the systems, methods, and procedures involved in establishing and administering a compensation system within any organization.

Product Details

• Amazon Sales Rank: #73598 in Books
• Published on: 2005-06-24
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 576 pages

From the Publisher
This text offers a practical exploration of the systems, methods, and procedures involved in establishing and administering a compensation system within any organization.

From the Back Cover
As the leading book in its field, Compensation Management offers a practical exploration of the systems, methods, and procedures involved in establishing and administering a compensation system within any organization. In-depth explanations of the procedures involved in establishing and administering a compensation system including, analyzing work requirements and designing a job, determining job worth, establishing job rates of pay, the elements of a total compensation package, and the importance of labor costs in a modern economy. For compensation managers, HR professionals, and others who want to know about the aspects of establishing and administering a compensation system.

Customer Reviews

Painful!
There is nothing practical about this book. It is a looooong, purely theoretical torture with only a few examples that don't work too well in the real world. I had to buy it for one of my graduate classes and here I am three months later even more clueless than I was when I started. This book is very boring, painful to read. It doesn't help that the author is clearly biased in favor of traditional HRM and refuses to give much room to more modern thinking. The exercise book is a nightmare. The exercises are either impossibly difficult and time-consuming because the textbook does not offer valuable guidance for any practical problems, or they are an absolute waste of time - students basically have to copy a chapter. I could go on like this forever. In a nutshell: buy this book if you have to, but sell it as soon as you can.

Outdated but - As Yet, Nothing Better
I assign this as one of two textbooks in teaching Compensation Administration in graduate school.

While it has undergone 9 revisions, the attempts to update it to today's compensation world are not adequate. Far too little is here concerning internet usage, for example.

But perhaps its greatest shortcoming is in its glancing treatment of group incentive plans as a key means to unlock workforce potential. It is a glaring and unforgivable gap.

If anybody out there knows of a better fundamental compensation textbook, I'd love to hear about it.

Best of the textbooks
Compared to the other major textbooks out there, especially
the better reviewed book by "M" this is by far the more useful.
When I need to find something practical, like the Federal Evaluation System for example, or Multiple Linear Regression as a job evaluation tool, 95% of the time it is in Henderson and it is very well documented. Both these topics are barely touched on in the other major texts which I also own.
From a guy with a Ph.D. and 30 years of paying my bills with
comp information, give me Henderson any day.