Compensation, 10th Edition, by Milkovich, Newman, and Gerhart, is the market-leading textbook in the field of compensation management. Renowned for its comprehensive coverage, it provides instructors with current research material, in-depth discussions of key topics, and seamless integration of Internet coverage. The book is praised for its excellent pedagogy and engaging writing style, making complex concepts accessible and interesting for students.
The authors actively consult with leading businesses, have received teaching awards, and publish in top academic journals, ensuring the content remains relevant and authoritative. This edition examines the strategic choices involved in managing total compensation, with the total compensation model introduced in chapter one serving as an overarching framework throughout the book.
Throughout the text, Milkovich, Newman, and Gerhart discuss major compensation issues within the context of current theory, research, and real-world business practices. They make a clear distinction between beliefs and opinions versus facts and scholarly research, emphasizing evidence-based decision-making. The book showcases both new developments in compensation practices and established approaches to compensation decisions, providing a well-rounded perspective.
Readers and adopters frequently share stories of students securing job offers based on the knowledge gained from this book, highlighting its practical value and impact in the field of compensation management.