Compensation, 11th Edition, by Milkovich, Newman and Gerhart is the market-leading text in this course area. It offers instructors current research material, in depth discussion of topics, integration of Internet coverage, excellent pedagogy, and a truly engaging writing style. The authors consult with leading businesses, have won teaching awards, and publish in the leading journals. This text examines the strategic choices in managing total compensation. The total compensation model introduced in chapter one serves as an integrating framework throughout the book. The authors discuss major compensation issues in the context of current theory, research, and real-business practices. Milkovich, Newman and Gerhart strive to differentiate between beliefs and opinions from facts and scholarly research. They showcase practices that illustrate new developments in compensation practices as well as established approaches to compensation decisions. Time after time, adopters relay stories of students getting job offers based on the knowledge they learned from this book.

Part One-Introducing the Pay Model and Pay StrategyChapter 1: The Pay ModelChapter 2: Strategy: The Totality of DecisionsPart Two-Internal Alignment: Determining the StructureChapter 3: Defining Internal AlignmentChapter 4: Job AnalysisChapter 5: Job-Based Structures and Job EvaluationChapter 6: Person-Based StructuresPart Three-External Competitiveness: Determining the Pay LevelChapter 7: Defining CompetitivenessChapter 8: Designing Pay Levels, Mix, and Pay StructuresPart Four-Employee Contributions: Determining Individual PayChapter 9: Pay-for-Performance: The EvidenceChapter 10: Pay-for-Performance PlansChapter 11: Performance AppraisalsPart Five-Employee BenefitsChapter 12: The Benefit Determination ProcessChapter 13: Benefit OptionsPart Six-Extending the SystemChapter 14: Compensation of Special Groups Chapter 15: Union Role in Wage and Salary AdministrationChapter 16: International Pay SystemsPart Seven-Managing the SystemChapter 17: Government and Legal Issues in CompensationChapter 18: Management: Making It Work