Chapter 18 Management Making it work 经典双语薪酬管理课件（2012版）.pptVIP

Chapter 18 Management: Making it work Chapter Topics Part I Managing Labor Costs Control Salary Level: Top Down Control Salary Level: Bottom up Part II Ethics: Managing or Manipulating? Part III Embedded Controls Chapter Topics (cont.) Part IV Communication: Managing the Message Part V Pay as Change Agent Part VI Structuring the Compensation Function Part I Managing Labor Costs 1. Formula P583Exhibit 18.1: Managing Labor Costs 2. Controlling Employment: Staffing Levels and Hours (1)Staffing Levels Core employees Contingent workers 2.Controlling Employment: Staffing Levels and Hours (cont.) (2) Hours Three factors are not independent Employment Cash compensation Benefit costs 3. Control Salary Level: (1) Top Down (A) Top management determines the amount of money to be spent on pay and allocates it “down” to each subunit for the plan year (a) Current year’s rise (b) Ability to pay (c) Competitive market (d) Turnover effects (e) Cost of living The Consumer Price Index (CPI) P589Exhibit 18.5: Three Distinct but Related Concepts and Their Measures 3.Control Salary Level: (2) Bottom Up (A) Instruct managers in compensation policies and techniques (B) Distribute forecasting instructions and worksheets (C) Provide consultation to managers (D) Check data and compile reports Control Salary Level: Bottom Up (cont.) (E) Analyze forecasts (F) Review and revise forecasts and budgets with management (G) Conduct feedback with management (H) Monitor budgeted versus actual increases P591Exhibit 18.6: Compensation Forecasting and Budgeting Cycle Part II Ethics: Managing or Manipulating? Pay really matters Part III Embedded Controls 1.Range maximums and minimums Red circle rate: pay rates that are above the maximum rate for a job or pay range for a grade Broadband: External reference rates to guide 2. Compa-ratios P596 Average rate actual paid / range midpoint 3. Variable pay 4. Analyzing costs 5. Analyzing Value Added Part IV Communication: Managing the Message 1. W