This text will cater specifically for the 'Employee Reward' module on the CIPD's postgraduate qualification, as well as for Reward modules in a wider HR and business degree market. This text is one of only a few titles specifically focusing on Reward in the market place. It seeks to build on the legacy of the Armstrong text but offer a more balanced, comprehensive, student friendly and critical approach to the subject area and will therefore appeal primarily to postgraduate and more advanced undergraduate students.
Suitable for the 'Employee Reward' module on the PDS qualification, as well as for Reward modules in a wider HR and business degree market, this text offers an analytical approach to the subject area.
Strategic reward is the process of deciding what route to take in developing appropriate reward arrangements and dealing with the issues which arise in making that journey. Armstrong and Brown hold great faith in strategic reward and present here their 'new realism' philosophy and breadth of experience on the subject. They examine the essence and context of strategic reward and the processes involved in developing and implementing strategies, along with a clear overview of the opportunities and risks of pursuing a reward strategy, demonstrating how critical it is to the dual agenda of successful organizational performance and the motivation and engagement of staff.
Strategic reward is the process of deciding what route to take in developing appropriate reward arrangements and dealing with the issues which arise in making that journey.
The paper considers a process in which rewards are being earned and for which there exist time points at which the process begins anew--that is, that there exists an embedded renewal process. An expression for the asymptotic mean reward earned during any time interval is then obtained. In the final section the special case of a regenerative reward process is considered and a simple expression is presented for the long run average reward earned per unit time. (Author).
The paper considers a process in which rewards are being earned and for which there exist time points at which the process begins anew--that is, that there exists an embedded renewal process.
