Part 1. The impact and design of pay systems. The new realities of pay and organizational effectiveness ; Setting strategic objectives for pay systems ; Establishing core principles -- Part 2. Paying for performance. Using incentive pay ; Using merit pay ; Using performance appraisals to drive pay ; Paying for organizational performance -- Part 3. Determining base pay. Paying the job ; Paying the person -- Part 4. Administering pay systems. Setting total compensation levels ; Determining the total compensation mix ; Managing decision-making and communication processes -- Part 5. Applying pay strategies. A pay strategy for Acme Corporation : a traditional manufacturing company ; A pay strategy for HiTech International : a global technology company ; Strategic pay and public policy : the need for change