Reward Management in Context is the ideal textbook for anyone studying a reward management module, whether as part of a CIPD course or on any other HR or business degree. A challenging text, this book takes a critical look at both the design and management of reward in organizations. Covering everything from pay determination and structures, performance pay and benefits packages, this book avoids a prescriptive approach to reward and instead offers a questioning approach to the subject to encourage critical thinking. There is also essential discussion of equality and reward as well as reward in specific contexts such as the difference in reward between the public and private sector. Reward Management in Context is packed with mini case studies, worked examples and analytical discussion points to not only prepare students for their studies but also for the workplace. A perfect balance of theory and practice, this is essential reading for anyone interested in reward management in organizations.
Reward Management is a practical guide to understanding and implementing really effective reward strategies in your organization. It offers a complete overview of the field and how to align your approach to reward management with the HR and broader organizational strategy. Tailored to the needs of practitioners, it uses a combination of practical tools, scenarios and case studies to cover key areas including pay grades and structure, job evaluation, pay reviews, bonus plans, non-cash reward, benefits, tax issues and much more. Aligning reward with the strategic objectives of the organization it will equip you with the skills you need to plan, implement and assess a reward strategy. Reward Management is part of the brand new HR Fundamentals series, offering practical advice to HR professionals starting out in their career, completing CPD training or studying for their professional qualifications with the CIPD.
This book is a summary in a readings format of what the author has learned about strategic-reward systems. The collected material draws heavily on empirical research to guide the author's conclusions. The book contains 26 articles, which are divided into 10 topical areas: (1) "Introduction"; (2) "Pay and the Changing Business Context"; (3) "Pay in New Business Environments"; (4) "Strategic Pay Issues"; (5) "From Job Evaluation to Work Evaluation"; (6) "Team Pay"; (7) "Merit Pay Revisited"; (8) "Competency Pay"; (9) "Pay System Evaluation"; and (10) "Conclusions & The Future of Strategic Rewards." In order for strategic-reward programs to be effective, they must be carefully managed. The design, implementation, and evaluation issues raised in this book need to be carefully considered. Plans need to be administered in a manner consistent with their intent. Reward systems are doomed to fail when they are taken off the shelf and simply "administered" rather than developed specifically to the needs of the organization and then managed. Research on these programs clearly shows the positive impact of these plans on organizational effectiveness when they are implemented well. In addition, strategic-reward management holds great promise as a method of compensation for nontraditional reward environments, such as public sector, not-for-profit, unionized organizations. An index concludes this book. (Each chapter contains references.) (RT)
In order to recruit, motivate and retain an effective workforce, organizations must have an appropriate reward strategy. This practical and accessible text discusses reward management policies and strategies and examines the key components of the total remuneration package. The author evaluates the effectiveness of various elements of the renumeration package and relates this to theories of motivation associated with the individual and organizational performance. All aspects of reward management are discussed, including: * Performance related pay, equal pay and pay structures * Pension schemes * Management of the reward system * Renumeration packages for expatriate workers Providing a succinct introduction to the subject for undergraduate and MBA students of HRM and those taking the IPD Reward Management course, Reward Management will be of great interest to all HR professionals.
