human resource management 11e：人力资源管理. - education课件.ppt

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human resource management 11e：人力资源管理. - education课件.ppt

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human resource management 11e：人力资源管理. - education课件

* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * ? 2008 Prentice Hall, Inc. All rights reserved. 11–* Pricing Managerial and Professional Jobs Base Pay Executive Benefits and Perks Short-term Incentives Long-Term Incentives Compensating Executives and Managers ? 2008 Prentice Hall, Inc. All rights reserved. 11–* Pricing Managerial and Professional Jobs What Really Determines Executive Pay? CEO pay is set by the board of directors taking into account factors such as the business strategy, corporate trends, and where they want to be in the short and long term. Firms pay CEOs based on the complexity of the jobs they filled. Boards are reducing the relative importance of base salary while boosting the emphasis on performance-based pay. ? 2008 Prentice Hall, Inc. All rights reserved. 11–* Compensating Professional Employees Employers can use job evaluation for professional jobs. Compensable factors focus on problem solving, creativity, job scope, and technical knowledge and expertise. Firms use the point method and factor comparison methods, although job classification seems most popular. Professional jobs are market-priced to establish the values for benchmark jobs. ? 2008 Prentice Hall, Inc. All rights reserved. 11–* Competency-Based Pay Competencies Demonstrable characteristics of a person, including knowledge, skills, and behaviors, that enable performance. What is Competency-Based Pay? Paying for the employee’s range, depth, and types of skills and knowledge, rather than for the job title he or she holds. ? 2008 Prentice Hall, Inc. All rights reserved. 11–* Competency-Based Pay (cont’d) Support High-Performance Work Systems Support Performance Management Why Use Competency-Based Pay? Support Strategic Aims ? 2008 Prentice Hall, Inc. All rights reserved. 11–* Competency-Based Pay in Practice Main elements of skill/competency/knowledge–based pay programs: A system that defines specific skills, and a process for tying t