The Executive Handbook on Compensation: Linking Strategic Rewards to Business Performance

There is a greater need now for competitiveness in attracting and retaining high-performing employees than at any time in the history of work. Recent, dramatic changes in the nature of the workplace -- globalization, diversification, flexible time, and telecommuting -- mean that companies can no longer afford to offer a single rewards package. Successful companies are designing packages that truly link compensation to business performance -- or they are losing their best employees to competitors who do.

The Executive Handbook on Compensation is the essential guide in this increasingly competitive world. Whether you are a seasoned senior human resource manager or are new to the field of compensation, the Handbook explains the options available in structuring a competitive, flexible pay program.

To produce this comprehensive tool, Charles H. Fay, Professor and Director of Rutgers University's Graduate Program in Human Resource Management, has joined with the Hay Group, the global leader in HR consulting for more than fifty years, and commissioned the work of the top practitioners and academics from around the world. The result is the single most comprehensive rewards guide available today.

Throughout the book the editors and contributors focus on the ideas that drive planning and on the long-term strategy behind short-term goals.

You will learn how to:

• Align compensation goals with business goals
• Incorporate corporate culture into compensation strategy design
• Maximize options within a range of financial and philosophical constraints
• Evaluate the performance of strategies already in existence

No investment offers a greater potential for return than one in human capital, yet it is often the most neglected. Compensation is most corporations' single largest expenditure, yet they often fail to maximize their options. HR professionals can no longer afford to be behind in compensation strategy, and there is no better guide to extracting the most from the employee-employer relationship than The Executive Handbook on Compensation.