Based on the authors' experience, research and benchmarking activities, this definitive book explains that reward management is about performance - of individuals, teams and the whole organization. It examines in detail the processes and various approaches that can be adopted to achieve and reward outstanding skill and competence levels in the workplace. Comprehensive and highly practical in its approach, it takes a strategic perspective and addresses the wide gap that exists between theory and practice, with a focus on the implications for practitioners. This revised fifth edition includes new and updated chapters on age discrimination, bonus schemes, recognition schemes and pensions.
Table of Contents
Part 1 Fundamentals of Reward Management 1. Overview of Reward Management 2. Total Reward and Engaged Performance 3. Strategic Reward 4. Reward Policies 5. The Psychological Contract 6. Motivation and Financial and Non-financial Rewards 7. Factors Affecting Levels of Pay 8. Age Discrimination Part 2 The Evaluation and Development of Reward Processes 9. Evaluation of Reward Processes 10. Development of Reward Processes Part 3 Assessing Job Size and Relativities 11. Job and Role Analysis 12. Job Evaluation: Processes and Schemes 13. Job Evaluation: Scheme Design and Operation 14. Equal Pay for Work of Equal Value 15. Market Rate Surveys and Reward Research Part 4 Grade and Pay Structures 16. Types of Grade and Pay Structures 17. Grade and Pay Structure Design 18. Implementing New Grade and Pay Structures Part 5 Performance Management 19. The Basis of Performance Management 20. Performance Management in Practice Part 6 Contingent Pay - Pay Progression: Rewarding Performance, Competence and Contribution 21. Contingent Pay - General Considerations 22. Individual Contingent Pay 23. Bonus Schemes 24. Executive Annual Incentive Schemes 25. Employee and Executive Share Schemes 26. Team Rewards 27. Gainsharing - Sharing in Corporate Success 28. Profit Sharing 29. Recognition Schemes 30. Shop floor Incentive and Bonus Schemes 31. Salesforce Incentive Schemes 32. Other Cash Payments and Allowances Part 7 Employee Benefits and Pensions 33. Employee Benefits 34. Flexible Benefits 35. Pensions 36. Tax Considerations Part 8 Special Aspects of Reward Management 37. Boardroom Pay 38. International Remuneration 39. Mergers and Acquisitions 40. Reward Policies for New, Start-up and High-growth Organizations Part 9 Managing Reward Processes 41. Reward Management Procedures 42. Communicating the Benefits 43. Developing and Introducing Reward Management Processes - The Use of Consultants Part 10 Questions and Trends 44. Reward Management Questions 45. Trends in Reward Management
Michael Armstrong is a Companion and former Chief Examiner (Employee Reward) for the Chartered Institute of Personnel and Development, a fellow of the Institute of Management Consultancy and author of many best-selling titles published by Kogan Page. Helen Murlis CIPD, is a director of Hay Group. She has spent over 25 years leading and consulting on reward strategy, performance management and improvement issues across public and private sectors.