New York-based publisher McGraw-Hill will release the fifth edition of The Compensation Handbook next month with a chapter contributed by Dave Griffith, CEO of The Modern Group and Bristol, Pa.-based Modern Equipment, which is No. 46 on the RER 100.
The Compensation Handbook, which is composed of contributions from more than 60 authorities in the field, has provided insight for 35 years into the most critical issues compensation and human resources companies face.
Griffith’s chapter clearly describes how compensation programs are developed for medium-size companies. The chapter reviews Modern’s core values, the role of technology, the planning processes that underpin the operations of the company, and how compensation reinforces Modern’s drive to results.
Among the many human-capital topics covered in The Compensation Handbook are new reward strategies for attracting and retaining highly qualified employees from American’s fast-swindling talent pool; addressing the mass retirement of baby boomers; and responding to the varying needs and desires of a multicultural, multi-generational workforce ranging from the over-sixty traditionalists to the new “Millenials.”
