Reward Management

Overview

Having effective rewards structures in place is key to attracting and retaining top talent, as well as staying competitive.  Informed by UK practice and law, Reward Management is a practical guide to understanding and implementing the right reward strategies in an organization. 

Employee reward and motivation consultant Michael Rose uses a combination of practical tools, scenarios and case studies to cover essential areas including pay grades and structure, job ...

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Reward Management

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Overview

Having effective rewards structures in place is key to attracting and retaining top talent, as well as staying competitive.  Informed by UK practice and law, Reward Management is a practical guide to understanding and implementing the right reward strategies in an organization. 

Employee reward and motivation consultant Michael Rose uses a combination of practical tools, scenarios and case studies to cover essential areas including pay grades and structure, job evaluation, budgets, pay reviews, reward vs. incentive, bonus plans, non-cash reward, identifying and using pay data, benefits, tax issues and measuring the impact of rewards.

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Product Details

  • ISBN-13: 9780749469801
  • Publisher: Kogan Page, Ltd
  • Publication date: 4/28/2014
  • Series: HR Fundamentals Series
  • Pages: 278
  • Product dimensions: 6.00 (w) x 9.10 (h) x 0.80 (d)

Meet the Author

Michael Rose heads Rewards Consulting, a London-based management consulting company specializing in employee reward, recognition, engagement, and motivation. He is the author of A Guide to Non-Cash Reward (Kogan Page).

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Table of Contents

Acknowledgements
About the author

Introduction

PART I The fundamentals of reward management

01 Reward and reward strategy
Reward
Reward strategy
Summary

02 Why reward is important and how it can make an impact
Symbolic messages in reward
Supporting values and culture
Alignment with organization strategy
Alignment with HR strategy
Role in change management
Measuring the impact
Summary

03 Relationship between motivation and reward
Intrinsic and extrinsic motivation
Summary

04 How reward fits together
Influences on reward strategy
Trade-offs between different parts of reward
The role of the reward professional
Summary

05 How to get started with a reward strategy
An approach to developing a reward strategy
Developing a reward framework
Making changes over time
Unintended consequences
Summary

06 Communications
Communications and reward
Communicating total reward
Building communications into reward design
Summary
Case study: Royal Horticultural Society

07 Tax and National Insurance
General principles
Taxation of various reward programmes
Summary

PART II Reward in practice

08 Grades and pay structures
Grade structures
Pay structures
Summary
Case studies: Which? and Shropshire Council

09 Managing pay data and pay reviews
Pay data
Pay reviews
Summary
Case studies: Specsavers and the National Theatre

10 Bonus plans
Introduction
Bonus design framework
Summary
Case study: McDonald’s

11 Recognition and non-cash reward
Introduction
Recognition
Summary
Case study: HSBC

12 Long-term plans
Role of long-term plans
Share plans
Cash plans
Summary
Case study: Marks and Spencer plc

13 Benefits
Which benefits to offer and why
Benefit policy
Value
Key benefits
Flexible benefits
Summary
Case studies: Guideposts and Kingfisher plc

Conclusions

Appendix
References
Index

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