The WorldatWork handbook of total rewards : a comprehensive guide to compensation, benefits, HR & employee engagement

Cover -- Title Page -- Copyright Page -- Contents -- Acknowledgments -- Foreword: Finding Our Way Forward -- Introduction: 4IR: It's the End of Work as We Know It (and the Rewards Are Fine) -- Chapter 1 The Power of Total Rewards -- Broadening the Definition of Total Rewards -- What Is Total Rewards? -- The Total Rewards Model -- Internal Influences -- External Influences -- Why the Total Rewards Approach Works -- The Top Five Advantages of a Total Rewards Approach -- 1. Increased Flexibility -- 2. Improved Recruitment and Retention -- 3. Reduced Labor Costs/Cost of Turnover -- 4. Heightened Visibility in a Tight Labor Market -- 5. Enhanced Profitability -- Developing a Total Rewards Strategy -- The Total Rewards Blueprint -- Five Common Ways a Total Rewards Strategy Can Go Astray -- Crystallizing the Spirit of Your Total Rewards Plan -- Issues That a Total Rewards Strategy Should Address -- The Bottom Line -- WFA: Reevaluating the Total Rewards Equation -- Work from Anywhere -- Understanding Cost of Living and Cost of Labor -- Setting the Pay Level -- Personalizing Rewards -- Chapter 2 Everything You Want to Know about Compensation (but Were Afraid to Ask) -- The Foundation: The Compensation Philosophy -- Aligning Compensation with Business Strategy -- Sidebar 2.1 Pay Transparency -- Compensation Programs - Elements of Compensation -- Understanding Base Pay -- Job Analysis -- Job Evaluation - Internal Equity -- Market Analysis -- Variable Pay -- Salary Ranges or Market Value Ranges -- Sidebar 2.3 Terms Used in Managing Pay -- Bands versus Ranges -- Styles of Ranges -- Ranges and Their Connection Pay Increases -- Competencies/Skill-Based -- Sidebar 2.4 Factors in Assessing Appropriate Total Compensation -- Variable Pay -- Designing Annual or Long-Term Incentives -- Reasons for Failure -- Merit Budget and Pay for Performance.