Chapter Three Contextual Influences on Compensation Practice (Laws)
The State of the Compensation Practice
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Transcript of The State of the Compensation Practice
![Page 1: The State of the Compensation Practice](https://reader034.fdocuments.in/reader034/viewer/2022042907/5881e29f1a28ab36088b52b7/html5/thumbnails/1.jpg)
Lance A. Berger Lance A. Berger & Associates, Ltd.
Based on Chapter 1 sixth edition of the Compensation Handbook Copyright © 2015 by McGraw-Hill Education
The State of the Compensation Practice
![Page 2: The State of the Compensation Practice](https://reader034.fdocuments.in/reader034/viewer/2022042907/5881e29f1a28ab36088b52b7/html5/thumbnails/2.jpg)
The State of the Compensation Practice
![Page 3: The State of the Compensation Practice](https://reader034.fdocuments.in/reader034/viewer/2022042907/5881e29f1a28ab36088b52b7/html5/thumbnails/3.jpg)
ExpertiseCodified methodologies Decision-making tools DatabasesMonitoring
The State of the Compensation Practice
![Page 4: The State of the Compensation Practice](https://reader034.fdocuments.in/reader034/viewer/2022042907/5881e29f1a28ab36088b52b7/html5/thumbnails/4.jpg)
BasicOperationalTacticalStrategic
Expertise
![Page 5: The State of the Compensation Practice](https://reader034.fdocuments.in/reader034/viewer/2022042907/5881e29f1a28ab36088b52b7/html5/thumbnails/5.jpg)
Compensation PhilosophyCompensation StrategySalary Administration
Codified Methodologies
![Page 6: The State of the Compensation Practice](https://reader034.fdocuments.in/reader034/viewer/2022042907/5881e29f1a28ab36088b52b7/html5/thumbnails/6.jpg)
Performance appraisal choicesJob evaluation optionsVariable Compensation alternativesStrategy variants
Decision-Making Tools
![Page 7: The State of the Compensation Practice](https://reader034.fdocuments.in/reader034/viewer/2022042907/5881e29f1a28ab36088b52b7/html5/thumbnails/7.jpg)
High qualityTimelyCredibleCost effectiveComprehensive
Databases
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AppropriatenessEffectivenessApplicability
Monitoring
![Page 9: The State of the Compensation Practice](https://reader034.fdocuments.in/reader034/viewer/2022042907/5881e29f1a28ab36088b52b7/html5/thumbnails/9.jpg)
Expertise Codified methodologies Decision-making tools Databases Monitoring
The State of the Compensation Practice