Publications
Publications
- August 2018 (Revised August 2019)
- HBS Case Collection
A Note on Compensation
By: Ethan Bernstein and Michael Norris
Abstract
This note provides an overview of the important terms, concepts, and frameworks that a manager should know about compensation—whether it be their own or that of an employee. Because compensation in practice is fraught with pitfalls, this note presents an overview of the various aspects of compensation of which any general manager should be aware to anticipate and avoid missteps. It was written for the second-year MBA course "Managing Human Capital" at HBS and would fit well in any Human Resource Management course.
Keywords
Compensation Design; Benefits; Perks; Variable Compensation; Compensation and Benefits; Executive Compensation; Stock Options; Profit Sharing; Job Design and Levels; Labor Unions; Wages; United States
Citation
Bernstein, Ethan, and Michael Norris. "A Note on Compensation." Harvard Business School Technical Note 419-020, August 2018. (Revised August 2019.)