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Good news for compensation
practitioners: Your market-pricing nightmare is over! If you're ready
for an easier way to calculate the going market pay rate for jobs within
your organization, Market Pricing — Methods to the Madness is the book
for you!
Take a deep breath
and relax while you're guided through the steps necessary to conduct
market pricing in any market. With this simplified method, you'll master
market pricing and gain the competitive edge in attracting and retaining
the right talent.
Learn how job analysis,
evaluation, benchmarks, data collection, simple formulas, market index,
weighting and more can make sense amid all the clutter. Bring order
and clarity to market blips, adjustments, turnover, compliance and communication.
Complete with case studies and examples, this book is on its way to
becoming the compensation professional's next best friend!
| Publisher: |
WorldatWork (2002) |
| Pages: |
151 |
| Cover: |
Soft |
| ISBN: |
1579631134 |
| U.S. and Canada |
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| List $59.95 USD | Member $47.95 USD |
|
|
| A pdf version is available for this book instead of a printed copy. |
| List $48.00 USD
| Member $38.35 USD |
|
| If you choose the e-book option, after the payment stage of checkout a receipt will be displayed with buttons to download your selections. A link to the receipt also will be e-mailed to you. |
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Outside North America
Download the ebook or call WorldatWork Customer Relationship Services at 480/922-2020 to order a hard copy. |
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Testimonials
| "This
primer will help you dive into the murky world of market pricing a
job, a job family or your entire salary structure. It can be a daunting
task, but this guidebook will make the adventure a lot less intimidating
— just follow the process and you're there." |
| |
Maggi
Coil, CCP
MAC Group |
| "In
today's volatile environment around pay, this book is a must-read.
I'd suggest it for anyone trying to be proactive and ethical when
pricing jobs." |
| |
Brent
M. Longnecker, CCP, CBP
President
Resources Consulting Group |
| "Market
pricing has been cynically described as a process of 'beating data
into submission until it confesses.' This book deals with the market
pricing vagaries from a more positive perspective. Specific guidelines
for data analysis and data synthesis are provided in a simple, precise
and understandable way. This book will continue to be of value as
long as people do work and expect to get paid competitively!" |
| |
Daniel
Purushotham, Ph.D., CCP
Vice President, Corporate Compensation
The Hartford Financial Services Group |
Table of Contents
Market
Pricing: Methods to the Madness -- Introduction
1. Tying Compensation
to the Total Rewards Model
- A Historical Snapshot
- A New Premise:
Total Rewards
- Collective Impact
of the Components
- Overlaying Factors
2. Compensation
Philosophy: A Reason for the Rhyme
- Hot Skills and
Critical Talent
- Market Position
- Internal and External
Equity
3. Where Do You
Begin?
- Job Analysis
- Job Documentation
and Job Descriptions
- Job Evaluation
- Benchmark Jobs
4. Survey Insanity:
Collecting the Right Data without Going Crazy
- Decision Factors
in Collecting Market Data
- Know the Market:
Half the Battle
- Gathering Valid
Data
- Data Sources
- Capturing Competitive
Market Data for High-Demand Jobs
5. Crunching Numbers
- Options for Measuring
Central Tendency
- Percentiles
- Aging Data to
a Common Point in Time
- Weighting Market
Data Across Survey Sources
- Developing a Market
Rate Composite
- Gathering and
Blending Data
- Job Pricing Examples
- Developing a Market
Index of Competitiveness
6. A Smooth Implementation:
How to Go with the Market Flow
- Market Adjustments
- Market Blips --
A Word of Caution
7. The Bottom Line:
Taking A Calm Approach to Program Costs
- All-at-Once Approach
- Phase-in Approach
- Wait-and-See Approach
- The Costing Process
- Costing Examples
8. Play it Cool:
How to Stay in Regulatory Compliance
- Davis-Bacon Act
- Anti-Discrimination
Laws
- Equal Employment
Opportunity
- Equal Pay
Act of 1963
- Title VII
of the Civil Rights Act of 1964
- Age Discrimination
in Employment Act of 1967
- Executive
Order 11246
- Vocational
Rehabilitation Act of 1973
- American Disabilities
Act of 1990
9. Clear Communication:
How to Keep Employees in the Loop
- Why Is Communication
Important?
- Who Should Communicate
the Message?
- What Information
Should Be Communicated?
- Communication
Challenges
- Tying Communication
to Administration
Appendix
- Case Study 1
- Case Study 2
- WorldatWork Salary
Survey Guidelines
- Glossary of Terms
- Selected References
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