Employee compensation in Human Resource Management

The following is a discussion agenda on Employee Compensation in Human Resource Management (HRM):

1. Determinants of employee pay
• Compensation laws
• Labour unions
• Compensation policies
• Equity
2. How to establish pay rates
• salary survey
• Job evaluation
• Pay grades
• Wage curves
• Rate ranges
3. Price managerial & professional jobs
4. Trends in compensation
• Competency- and skill-based pay
• Broadbanding
5. Incentive plans
• Piecework plans
• Team or group incentive plans
• Incentives for managers and executives
• Incentives for salespeople
• Merit pay
• Profit-sharing plan
• Employee stock ownership plan
• Scanion plan
• Earnings-at-risk pay plans
6. Employee benefits
• Pay for time not worked
• Insurance benefits
• Retirement benefits
• The cafeteria aproach
• Benefits and employee leasing

Reference
Dessler, G. (2004) "Chapter 7: Compensating Employees", A Framework for Human Resource Management, Prentice Hall.