WorldatWork - A Comprehensive Guide to Compensation, Benefits, HR & Employee Engagement

1. Chapter 5

1. Chapter 1
2. Chapter 2
3. Chapter 3
4. Chapter 4
5. Chapter 5
6. Chapter 6
7. Chapter 7
8. Chapter 13

Second Edition

Compiled and Edited by Dan Cafaro

Copyright 2021 John Wiley & Sons. All rights reserved.

Published by John Wiley & Sons, Inc., Hoboken, New Jersey.

Published simultaneously in Canada.

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Library of Congress Cataloging-in-Publication Data

Names: WorldatWork (Organization), author. | Cafaro, Dan, editor.

Title: The WorldatWork handbook of total rewards : a comprehensive guide to compensation, benefits, HR & employee engagement/WorldatWork, TotalReward Association ; compiled & edited by Dan Cafaro.

Description: Second edition. | Hoboken, New Jersey : Wiley, [2021] | Includes index.

Identifiers: LCCN 2020043564 (print) | LCCN 2020043565 (ebook) | ISBN 9781119682448 (cloth) | ISBN 9781119682462 (adobe pdf) | ISBN 9781119682493 (epub)

Subjects: LCSH: Compensation managementHandbooks, manuals, etc.

Classification: LCC HF5549.5.C67 W675 2021 (print) | LCC HF5549.5.C67 (ebook) | DDC 658.3/2dc23

LC record available at https://lccn.loc.gov/2020043564

LC ebook record available at https://lccn.loc.gov/2020043565

Cover Design: Wiley

Cover Image: GaudiLab/Shutterstock

WorldatWork would like to thank the following individuals who were instrumental in helping review, revise, and update this latest edition of the Handbook of Total Rewards.

Randall K. Abbott, Willis Towers Watson

Pleasure Allen, ITA Group

Steve Balsam, PhD, Temple University

Victor S Barocas, Strategic Management Group LLC

Morag Barrett, SkyeTeam

Jamie Barrette, Facebook

G Michael Barton

George S. Benson, PhD, the University of Texas at Arlington

Alden J Bianchi, Esq., Mintz Levin

Steve Brink, Associates for International Research, Inc.

Lori Block, Buck Global

John M. Bremen, Willis Towers Watson

Ted Briggs, Better Sales Comp Consultants

Leslie Chacko, Marsh & McLennan

Brett Christie, WorldatWork

Jerry Colletti, CSCP, Colletti-Fill LLC

Jim Fickess

Mary Fiss, CSCP, Colletti-Fill LLC

Jeff Foster, PhD, Passkeys International

Karen Frost, Alight

Lewis Garrad, Mercer

Linda Ginac, Human Capital Software

Thomas Hackett, CBP, CCP, GRP, SPHR, DG, McDermott Associates LLC

Janice Hand, Aon

Richard Harvey

Brie Harvey, Achievers

Wolfram Hedrich, Oliver Wyman

Derek Irvine, Globoforce

Asumi Ishibashi, Willis Towers Watson

I.M. Jawahar, PhD, Illinois State University

Gary Johnsen, Deloitte Consulting LLP

Carol Kardas, CCP, SPHR, SHRM-SCP, KardasLarson LLC

Linda Larson, Edward E. Lawler III, PhD, the Center for Effective Organizations (CEO) at the University of Southern California's Marshall School of Business

Gerald E. Ledford Jr., PhD, the Center for Effective Organizations (CEO) at the University of Southern California's Marshall School of Business

Lynne Levy, Workhuman

Joseph L Lineberry Jr.

Brent Longnecker, Longnecker & Associates

Rich Luss, Willis Towers Watson

Scot Marcotte, Buck Global

M. Michael Markowich, DPA, Markowich Consulting Group

Robert McCaffery, Human Resources Management Consultant

Linda McKee, CCP, Honeywell International Inc.

James McMahon, QualSight LASIK

Neta Meidav, Vault

Kathryn Neel, CPA, Semler Brossy

Barbara Parus

Viet Hoang Phan, Marsh & McLennan

Daniel Purushotham, CCP, CBP, MBA, PhD, Central Connecticut State University

Nancy Romanyshyn, Willis Towers Watson

Karol M Rose, FlexPaths LLC

S. Scott Sands

Richard Sanes, EY

Kathryn Scherich, Semler Brossy

Brittany Smith, Thomas H. Stone, PhD, Oklahoma State University

Jamie True, LifeWorks by Morneau Shepell

Elaine Walker, CCP, Bentley University

Jon Werner, PhD, University of WisconsinWhitewater

Valerie Williams

Stephanie Wilson

Lori Wisper, Willis Towers Watson

Christina Zurek, SHRM-CP, ITA Group

Bilal Ahsan, GRP, TE Connectivity

Katie Benedict, CCP, CBP, GRP, Cooper's Hawk Winery and Restaurants

Reina Castro, CCP, PHR, New Oasis Human Resources

Lana Chaim, CCP, GRP, HR Compensation

Sherry Fultz, CCP, CBP, Houston Endowment Inc.

Kevin Gunnell, CBP, MBA, SPHR, The Church of Jesus Christ of Latter-day Saints

Dean Holt, CCP, CBP, GRP, LifeNet Health

Kim Huerta, CCP, Huerta Consulting Group, LLC

Dr. Fran Luis Knight, CCP, SPHR, Becton Dickinson

Jennifer Mackin, CCP, CBP, Mackin Compensation Consulting