Strategic Compensation: A Human Resource Management Approach » (6th Edition)

• Ph.D. in Human Resource Management School of Labor and Industrial Relations, Michigan State University, 1989
• Master of Labor and Industrial Relations, Michigan State University, 1986
• Bachelor of Science in Organizational Behavior, Babson College, 1984

Research Interests

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.

 

This text provides knowledge of the art and science of compensation practice and its role in promoting companies’ competitive advantage.

Strategic Compensation: A Component of Human Resource Systems; Contextual Influences on Compensation Practice; Traditional Bases for Pay: Seniority and Merit; Incentive Pay; Person-Focused Pay; Building Internally Consistent Compensation Systems; Building Market-Competitive Compensation Systems; Building Pay Structures That Recognize Employee Contributions; Discretionary Benefits; Employer-Sponsored Retirement Plans and Health Insurance Programs; Legally Required Benefits; Compensating Executives; Compensating the Flexible Workforce: Contingent Employees and Flexible Work Schedules; Compensating Expatriates; Pay and Benefits Outside the United States

For managers and HR professionals interested in understanding compensation practice and strategy.

Booknews

A text for undergraduate and graduate business students, including those in community colleges, addressing traditional aspects of compensation, such as job analysis and pay structure, as well as recent topics including knowledge-based pay and executive compensation. Contains sections on the context of compensation practice, bases for pay, designing compensation systems, employee benefits, and contemporary strategic compensation challenges. Includes chapter objectives, summaries, key terms, discussion questions, and exercises, with answers on a Web site. Annotation c. by Book News, Inc., Portland, Or.

Ch. 1	Strategic compensation : a component of human resource systems	1
Ch. 2	Strategic compensation in action : strategic analysis and contextual factors	34
Ch. 3	Contextual influences on compensation practice	67
Ch. 4	Traditional bases for pay : seniority and merit	98
Ch. 5	Incentive pay	135
Ch. 6	Person-focused pay	173
Ch. 7	Building internally consistent compensation systems	200
Ch. 8	Building market-competitive compensation systems	243
Ch. 9	Building pay structures that recognize individual contributions	280
Ch. 10	Legally required benefits	325
Ch. 11	Discretionary benefits	345
Ch. 12	International compensation	385
Ch. 13	Compensating executives	415
Ch. 14	Compensating the flexible workforce : contingent employees and flexible work schedules	446