Strategic Compensation (5th Edition)

by Joe Martocchio

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Product Description

Martocchio’s book distinctly identifies employees as key elements of strategic compensation programs.

In this edition, the authors examine compensation practice, the criteria used to compensate employees, compensation system design issues, employee benefits, challenges of compensating key strategic employee groups, and pay and benefits around the world.

This text is most suited for the HR professional interested in knowledge of the art and science of compensation practice and its role in promoting companies’ competitive advantage.

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All Customer Reviews
Average Customer Review: 4.5 out of 5 stars

0 of 0 people found the following review helpful:

5 out of 5 stars

Strategic Compensation, 2008-09-30
I received the book in time stated which is 10-14 days and it was in the condition stated.

5 of 5 people found the following review helpful:

3 out of 5 stars

Addition to the Edition, 2008-04-08
I assign this textbook to my graduate compensation students. It is better than the well-worn and in-need-of-being updated Henderson textbook. I like the "strategic" focus of this book, but the consistency of applying the "Low Cost Competitive/Differentiation" paradigm breaks down in a few of the chapters. That said, it is clearer, more concise, and more relevant than Henderson.

However, what's up with the "new edition every month"* situation? This new edition costs substantially more than the one before (which was already very expensive).

If there are any compensation teachers out there, please be considerate of your students and allow them to buy and use the 4th edition. It is available to them for considerably lesser cost...

And, most importantly, the actual value of the changes to this book, between editions 4 and 5, is pretty questionable. Some graphs and tables are different, but not a whole lot else.

Finally, I still use Jerry McAdams' "The Reward Plan Advantage" to address many, many issues (including business strategy issues) which are overlooked in this text. While there is a chapter on incentives in Martocchio, the topic receives nowhere near the comprehensive treatment we get from McAdams.

And one student told me she got McAdams for $0.75. If delivering value to our students is what it is all about...what an ROI!!

* This was only intended as a figure of speech. It has actually been revised only twice in the last five years.

1 of 2 people found the following review helpful:

5 out of 5 stars

Great book for compensation managers, 2007-09-20
I bought this book as part of a course, am reading it. The text is good for ppl new to this field of compensation and one easily gets the hang of things. The book was much cheaper than if I bought it from the regular store, and it was in great shape, no highlights, no lines, as promised by the seller.

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