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What this book knows
Compensation design is a financial discipline: every pay element must be costed, accounted for, and tied to measurable business value.
work-as-meaning
HR professionals can claim that title only when they demonstrate a working knowledge of the organization's financial and business imperatives.
PA_COMPENSATIONBENEFITDESIGN-RC-004Basic pay is paid to employees to do assigned work by applying required skills, knowledge, and abilities using normal effort.
PA_COMPENSATIONBENEFITDESIGN-RC-019Additional compensation is provided to employees sent to work in a different country to maintain the standard of living they are used to.
PA_COMPENSATIONBENEFITDESIGN-RC-088ambition-and-status
Intellectual property an employee brings within the employment setting is not considered a recognizable asset under current accounting standards.
PA_COMPENSATIONBENEFITDESIGN-RC-018Tying the balanced scorecard to the incentive compensation system risks failure without the wholehearted support of senior management.
PA_COMPENSATIONBENEFITDESIGN-RC-065Value-based models include the present value of future earnings model and the reward valuation model for human capital.
PA_COMPENSATIONBENEFITDESIGN-RC-1816 published passages · book excerpt · research analysis
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