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Compensation by Barry Gerhart

ISBN10: 1264848242 | ISBN13: 9781264848249

2026 Release

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ISBN10: 1265748055 | ISBN13: 9781265748050

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ISBN10: 1266698507 | ISBN13: 9781266698507

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Product Information

This best selling title takes a three-pronged approach to compensation by focusing on theory, research, and practice. Compensation emphasizes the importance of total compensation and its relevance for achieving sustainable competitive advantage. The author's goal is to translate the theory and evidence into guidance for improving the management of pay.

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  • Part One: Introducing the Pay Model and Pay Strategy
  • 1. The Pay Model
  • 2. Strategy: The Totality of Decisions
  • Part Two: Internal Alignment: Determining the Structure
  • 3. Defining Internal Alignment
  • 4. Job Analysis
  • 5. Job-Based Structures and Job Evaluation
  • 6. Person-Based Structures
  • Part Three: External Competitiveness: Determining the Pay Level
  • 7. Defining Competitiveness
  • Appendix 7-A: Utility Analysis
  • 8. Designing Pay Levels, Mix, and Pay Structures
  • Part Four: Employee Contributions: Determining Individual Pay
  • 9. Pay-for-Performance: Theory and Evidence
  • 10. Pay-for-Performance: Types of Plans
  • 11. Performance Appraisals
  • Appendix 11-A: Balanced Scorecard Example: Department of Energy (Federal Personal Property Management Program)
  • Appendix 11-B: Sample Appraisal Form for Leadership Dimension: Pfizer Pharmaceutical
  • Part Five: Employee Benefits
  • 12. The Benefit Determination Process
  • 13. Benefit Options
  • Part Six: Extending the System
  • 14. Compensation of Special Groups: Executives and Others
  • 15. Union Role in Wage and Salary Administration
  • 16. International Pay Systems
  • Part Seven: Managing the System
  • 17. Government and Legal Issues in Compensation
  • 18. Management: Making It Work
  • 21. Mergers, Acquisitions, and Corporate Control
  • 22. International Financial Management
  • 23. Options
  • 24. Risk Management
  • Part Eight: Conclusion
  • 25. What We Do and Do Not Know about Finance
  • Appendix A: Present Value and Future Value Table

About the Author

Barry Gerhart

Barry Gerhart received his B.S. in psychology from Bowling Green State University and his Ph.D. in industrial relations from the University of Wisconsin-Madison. He is professor of management and human resources and Bruce R. Ellig Distinguished Chair in Pay and Organizational Effectiveness, Wisconsin School of Business, University of Wisconsin-Madison. Dr. Gerhart serves on the editorial boards of and has published in the Academy of Management Journal, Industrial and Labor Relations Review, International Journal of Human Resource Management, Journal of Applied Psychology, Management and Organization Review, and Personnel Psychology. He is a recipient of the Heneman Career Achievement Award, the Scholarly Achievement Award, and the International Human Resource Management Scholarly Research Award from the Academy of Management. He is a Fellow of the Academy of Management, the American Psychological Association, and the Society for Industrial and Organizational Psychology.

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