Reward Management: A Handbook of Remuneration Strategy and Practice 5th Edition by Michael Armstrong (Author), Helen Murlis (Author)

Reward Management: A Handbook of Remuneration Strategy and Practice 5th Edition

Overview of reward management - Total reward and engaged performance - Strategic reward - Reward policies - The psychological contract - Motivation and financial and non-financial rewards - Factors affecting levels of pay - Age discrimination - Evaluation of reward processes - Development of reward processes - Job and role analysis - Job evaluation: processes and schemes - Job evaluation: scheme design and operation - Equal pay for work of equal value - Market rate surveys and reward research - Types of grade and pay structures - The basis of performance management - Performance management in practice - Contingent pay - Individual contingent pay - Bonus schemes - Executive annual incentive schemes - Employee and executive share schemes - Team rewards - Gainsharing: sharing in corporate success - Profit sharing - Recognition schemes - Shop-floor incentives and bonus schemes - Salesforce incentive schemes - Other cash payments and allowances - Employee benefits - Flexible benefits - Pensions - Tax considerations - Boardroom pay - International remuneration - Mergers and acquisitions - Reward policies for new, start-up and high-growth organizations - Reward management procedures - Communicating the benefits - Trends in reward management.

Based on British practice but also of interest to American HR professionals, Reward Management has been judged ''the undisputed 'bible' on the topic'' by the Journal of Administrative Management. This definitive book explains reward management, which is concerned with formulating and implementing policies and strategies that aim to reward people fairly, equitably, and consistently in accordance with their value to the 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.

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Writer                 ✤    Michael Armstrong (Author), Helen Murlis (Author)