Test Bank For Strategic Compensation in Canada, 7th Edition By Parbudyal Singh, Richard Long

Description

Table of Contents

Chapter 1: A Road Map to Effective Compensation

• Updated and expanded the opening vignette, “A Whopping Salary Increase for Everyone! Does It Work?”
• New examples added throughout chapter include Wells Fargo, Edward Jones, and TTC
• Updated “Compensation Today, Internships: Paid or Unpaid?” discusses proposed federal laws

Chapter 2: A Strategic Framework for Compensation

• New example, ArcelorMittal Dofasco, highlighted in the opening vignette
• Added discussion of Fujifilm successfully responding to external changes in “Compensation Today, Did Human Relations Sink Kodak?”
• Updated “Compensation Today, Involvement Flies High at WestJet” includes coverage of some of the recent challenges faced by the company

Chapter 3: A Behavioural Framework for Compensation

• New opening vignette, “Fair Processes? Don’t Bank On It,” discusses how a culture of pressure, fear, and unrealistic sales expectations at Wells Fargo demanded employees to defraud customers
• New and updated coverage in “Compensation Today, Violating the Psychological Contract at CAMI” describes how the company violated the trust of its employees who wanted job security
• Expanded coverage in “Causes of Membership Behaviour” section includes a recent HRM study on continuance commitment and its subcomponents

Chapter 4: Components of Compensation Strategy

• New coverage of merit budgets and compensation planning statistics in the opening vignette, “Pay Systems Are Changing”
• Expanded coverage includes new research in “Disadvantages of Performance Pay and Indirect Pay”
• New coverage of compensable factors in job evaluations in “Disadvantages of Job Evaluation”

Chapter 5: Performance Pay Choices

• Added coverage of a recent study comparing sales professional quota-bonus compensation plans to quota-commission sales plans in “Applicability of Commissions”
• Expanded coverage of performance ratings and merit pay for teachers in “Compensation Today, Grade the Teachers?”
• New “Compensation Today, A Slice of The Business” illustrates a gain-sharing plan in a Parisian restaurant
• Added coverage of unions and gain-sharing plans

Chapter 6: Formulating the Reward and Compensation Strategy

• Updated opening vignette, “Compensation Strategy at WestJet Airlines,” highlights how volatile economic conditions affect the culture at the company
• Expanded coverage to reflect current conditions related to contingent workers
• New “Compensation Today, Walking Away with $62 million” highlights fired CEO compensation at Boeing

Chapter 7: Evaluating Jobs: The Job Evaluation Process

• Expanded coverage in “Compensation Today, Would I Be Treated This Way If I Were A Man?” discusses a recent study on the earnings of transsexuals
• Added coverage of a recent case about independent contractors who work for Uber Technologies Inc.
• New section, “Pay Equity in the Federal Jurisdiction,” provides comprehensive coverage of pay equity legislation

Chapter 8: Evaluating Jobs: The Point Method of Job Evaluation

• New “Compensation Today, Strike Two for Job Evaluations” covers job evaluation and pay for city workers in Cambridge
• Expanded coverage of living wages and includes discussion of a newly-released report

Chapter 9: Evaluating the Market

• New “Compensation Today, The Dirt on Compensation” discusses sanitation workers and compensating differentials
• New “Compensation Today, Nursing Homes Need More than Market” discusses the proxy method and pay-equity in female-dominated workplaces

Chapter 10: Evaluating Individuals

• New section, “Continuous Performance Management,” covers a new approach to traditional employee reviews
• New coverage of “720-degree Feedback” added

Chapter 11: Designing Performance Pay Plans

• New “Compensation Today, A Gain Sharing Plan for Neurosurgeons”
• Expanded coverage in “Compensation Today, Profit Sharing at Two Prominent Canadian Companies” includes CPSP, DCPP, and SRIP at ArcelorMittal and Canadian Tire
• New “Compensation Today, Not Only Money at Google” covers employee rewards and recognition programs

Chapter 12: Designing Indirect Pay Plans

• Expanded coverage of hybrid plans, pension plans, and disability insurance
• Updated discussion of child and elder care services
• New “Compensation Today, Flexible Benefits at KPMG Canada”

Chapter 13: Activating and Maintaining an Effective Compensation System

• Updated opening vignette, “Thousands of Federal Employees Plagued by Problems,” includes a recent report on Phoenix pay problems
• New “Compensation Today, Ontario Energy Board Declared Reductions to the Nuclear Budget” covers the impact of compensation costs
• New “Compensation Today, Media Companies Cut Costs Amid COVID-19” discusses the impact of coronavirus on advertising