Reward Management: A Handbook of Remuneration Strategy and Practice

Reward Management: A Handbook of Remuneration Strategy and Practice


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Reward Management: A Handbook of Remuneration Strategy and Practice by Michael Armstrong, Helen Murlis

Armstrong is an independent management consultant based in the UK; Murlis is director of Hay Group, an international consultancy firm based in London. The revised and updated fifth edition of their text incorporates new material based on their experience, research and benchmarking activities; the experience of Hay Group colleagues; and recent research conducted in both the UK and the U.S. New coverage includes the concepts of total reward and engaged performance; strategic reward and integration; taking positive action to achieve equal pay; the increased interest in job evaluation; career and job family structures and the reduced enthusiasm for "broad-banded" grade and pay structures; contribution-related pay; and flexible benefits. For human resource professionals, practitioners, and students. Distributed in the U.S. by Stylus. Annotation ©2005 Book News, Inc., Portland, OR

Product Details

ISBN-13: 9780749439842
Publisher: Kogan Page, Ltd.
Publication date: 01/28/2005
Edition description: REV
Pages: 720
Product dimensions: 6.36(w) x 9.28(h) x 2.35(d)

About the Author

Helen Murlis is a director of the Hay Group. She has spent over 25 years leading and consulting on reward strategy, performance management, and improvement issues across public and private sectors.

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

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From the Publisher

"For an accurate picture of how remuneration strategy and practice Ýworks¨ you cannot go wrong." — Benefits and Compensation International "Benefits and Compensation International"

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