- Subject index
The Handbook of 21st Century Management provides authoritative insight into the key issues for students in college or corporate courses with a particular emphasis on the current structure of the topic in the literature, key threads of discussion and research on the topic, and emerging trends. This resource is useful in structuring exciting and meaningful papers and presentations and assists readers in deciding on management areas to take elective coursework in or to orient themselves towards for a career. Indeed, familiarity with many of the topics in this Handbook would be very useful in job interviews for positions in business.
Chapter 58: External Competitiveness: Theoretical and Practical Facets of Strategic Pay Level Decision Making
External Competitiveness: Theoretical and Practical Facets of Strategic Pay Level Decision Making
Strategic pay level decisions are among the most important of organizational decisions. Indeed, even a cursory review of any business publication will likely uncover some organization's attempt to improve performance by changing its pay levels. Interestingly, although changes in pay levels make sense only to the extent they positively contribute to organizational performance, their implications are seldom easily determined. Moreover, as pay level decisions have implications in terms of both their cost and profit implications, these are decisions with profound implications that are only foolishly taken lightly. Thus, since pay level decisions have such important implications, this chapter will explore fundamental compensation ...