3rd Edition
Michael Armstrong
Pages: 591 Published: April 2002
ISBN: 0852929382
ISBN13: 9780852929384
Price: £41.99
Member price: £37.79
Student discount price: £33.59
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Description
Employee Reward is the leading textbook for all students of pay and reward management. It provides a clear and detailed exposition of first principles and, by adopting an integrated approach, provides a definitive overview of the reward process. Reward is one of the crucial accountabilities for all human resource professionals. When used effectively as a strategic tool, it can play a key role in communicating values, promoting flexibility and maximising individual contributions to organisational objectives.
This book sets out the competences that all practitioners need in their portfolio. Key areas covered include the conceptual framework - reward in context, economic theories, the psychological contract and motivation; reward processes - philosophy, strategy and policy, evaluating, pricing and analysing jobs and roles; pay structures - narrow-graded, broadbanded and job family structures, rewarding individual and team contributions and organisational performance, performance management, employee benefits, allowances and pension schemes; managing reward systems - conducting pay reviews and developing and implementing reward systems.
The text is fully referenced with the latest legislation and research findings. It contains detailed sources of further information, and regular questions to enable readers to place theories firmly in a practical context. Each chapter has a clear overview and concise summary, providing ideal points for revision and reference.
Contents
PART 1: THE CONCEPTUAL FRAMEWORK
Employee Reward Systems
The International, National and Corporate Contexts
Economic Theories Relating to Pay
The Psychological Contract
Motivation and Reward
PART 2: EMPLOYEE REWARD PROCESSES
Reward Philosophy
Reward Strategy
Reward Policy
PART 3: EVALUATING, PRICING AND ANALYSING JOBS AND ROLES
Job Evaluation
Equal Pay
Conducting Pay and Benefit Surveys
Job and Competency Analysis
PART 4: PAY STRUCTURES
Pay Structures - Purpose, Criteria and Types
Narrow-Graded Pay Structures
Broadbanded Pay Structures
Job Family Pay Structures
PART 5: REWARDING INDIVIDUAL AND TEAM CONTRIBUTIONS AND ORGANISATIONAL PERFORMANCE
Contingent Pay - General Considerations and Criteria
Performance-Related Pay
Competence-Related Pay
Contribution-Related Pay
Skill-Based Pay
Shopfloor Incentive Schemes
Team Rewards
Profit-Sharing and Gain-Sharing
Non-Financial Rewards and Recognition Schemes
PART 6: PERFORMANCE MANAGEMENT
The Essence of Performance Management
Performance Management in Action
PART 7: EMPLOYEE BENEFITS, ALLOWANCES AND PENSION SCHEMES
Employee Benefits and Allowances
Pension Schemes
PART 8: MANAGING THE REWARD SYSTEM FOR SPECIAL GROUPS
Directors and Senior Executives
International Pay and Expatriates' Rewards
Rewarding Sales Staff
PART 9: MANAGING EMPLOYEE REWARD SYSTEMS
Managing Employee Rewards
Conducting Pay Reviews
Using Computers
Developing and Implementing Reward Systems
Related resources
A sample chapter of this publication is available:
Chapter 1 Employee Reward Systems
About the author(s)
Michael Armstrong
Michael is one of the UK''s best-known management authors, is a leading authority on pay and reward. He is the former Chief Examiner on Employee Reward and was responsible for the latest set of professional standards in this area.
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