Strategic Compensation and Talent Management is a modern guide for managers and students navigating the complexities of pay, incentives, and workforce strategy in today's dynamic business environment. Written in a clear, conversational style, it blends real-world insights with foundational theory and invites readers to step into the manager's role to solve practical problems around attracting, retaining, and motivating talent. Expanded from 15 to 21 chapters, this second edition adds new content on performance management, remote and hybrid work, AI-driven compensation, pay transparency and evolving workforce expectations. A robust visual toolkit including new diagrams and frameworks enhances conceptual clarity, and all 50 real-world case discussions are now hosted online to support flexible teaching and group learning. With practical 'lessons for managers' in every chapter and a rich suite of teaching resources including test banks, syllabi, and case materials this text is both a classroom asset and a professional reference.
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A practical, engaging guide to compensation strategy now updated with cutting-edge insights for today's managers and HR professionals.
Acronyms; Preface; Case discussions; Part I. Compensation in Unregulated
Settings:
1. Introduction to compensation;
2. Job characteristics and
compensating differentials; Part II. Compensation Analytics:
3. Compensation
analytics I: the Process;
4. Compensation analytics II: further issues;
5.
Compensation analytics III: an application; Part III. Compensation in
Regulated Settings:
6. Compensation constraints and compliance;
7. Pay
structures and internal pay constraints;
8. Regulation and external pay
constraints;
9. Non-compliance, compensation contract failure, and wage
theft; Part IV. Paying for, Measuring, and Managing Performance:
10. Pay for
performance;
11. Stock options and equity-based pay;
12. Executive
compensation;
13. Performance measurement and management; Part V. Benefits,
Deferred Compensation, and Turnover Management:
14. Benefits (and rewards);
15. Employee training (and development);
16. Retirement plans;
17. Turnover
management and talent retention;
18. Severance, buyouts, raiding, and offer
matching;
19. Promotions and pay; Part VI. Special Topics in Compensation:
20. Compensation in nonprofits, the public sector, and small businesses;
21.
Negotiation and bargaining; Last remark; Further resources; Index.
Jed DeVaro is the Wang Family Professor of Management and Economics at California State UniversityEast Bay, where he teaches MBA and undergraduate businesses courses in Strategic Compensation and Reward Systems. He is a research fellow at Cornell University's Institute for Compensation Studies, a research fellow at IZA Institute of Labor Economics, a Senior Research Fellow at the Research Institute for the Finnish Economy, and an editor at IZA World of Labor. His published articles on compensation and related topics span economics, accounting and finance, strategy, organizational behavior, and human resource management.
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