Reward Management: A Handbook of Remuneration Strategy and Practice, Fifth Edition

Contents......Page 6
Foreword......Page 9
Preface to the Fifth Edition......Page 11
Acknowledgements......Page 14
Fundamentals of Reward Management Part 1......Page 16
Overview of Reward Management 1......Page 18
Total Reward and Engaged Performance 2......Page 25
Strategic Reward 3......Page 44
Reward Policies 4......Page 56
The Psychological Contract 5......Page 63
Motivation and Financial and Non-financial Rewards 6......Page 71
Factors Affecting Levels of Pay 7......Page 87
The Evaluation and Development of Reward Processes Part 2......Page 94
Evaluation of Reward Processes 8......Page 96
Development of Reward Processes 9......Page 109
Assessing Job Size and Relativities Part 3......Page 116
Job and Role Analysis 10......Page 118
Job Evaluation: Processes and Schemes 11......Page 127
Job Evaluation: Scheme Design and Operation 12......Page 147
Equal Pay for Work of Equal Value 13......Page 163
Market Rate Surveys and Reward Research 14......Page 174
Grade and Pay Structures Part 4......Page 206
Types of Grade and Pay Structures 15......Page 208
Grade and Pay Structure Design 16......Page 223
Implementing New Grade and Pay Structures 17......Page 238
Performance Management Part 5......Page 246
The Basis of Performance Management 18......Page 248
Performance Management in Practice 19......Page 266
Contingent Pay – Pay progression: Rewarding performance, competence and contribution Part 6......Page 290
Contingent Pay – General Considerations 20......Page 292
Individual Contingent Pay 21......Page 297
Executive Annual Incentive Schemes 22......Page 320
Employee and Executive Share Schemes 23......Page 335
Team Rewards 24......Page 354
Gainsharing – Sharing in Corporate Success 25......Page 369
Profit Sharing 26......Page 379
Recognition Schemes 27......Page 386
Shop-floor Incentive and Bonus Schemes 28......Page 394
Salesforce Incentive Schemes 29......Page 413
Other Cash Payments and Allowances 30......Page 421
Employee Benefits and Pensions Part 7......Page 428
Employee Benefits 31......Page 430
Flexible Benefits 32......Page 458
Pension Schemes 33......Page 473
Tax Considerations 34......Page 492
Special Aspects of Reward Management Part 8......Page 506
Boardroom Pay 35......Page 508
International Remuneration 36......Page 518
Mergers and Acquisitions 37......Page 538
Reward Policies for New, Start-up and High-growth Organizations 38......Page 546
Managing Reward Processes Part 9......Page 552
Reward Management Procedures 39......Page 554
Communicating the Benefits 40......Page 576
Developing and Introducing Reward Management Processes – The Use of Consultants 41......Page 586
Questions and Trends Part 10......Page 592
Reward Management Questions 42......Page 594
Trends In Reward Management 43......Page 609
Appendices......Page 616
Further Sources of Reading and Information Appendix A......Page 618
Using Employee Surveys to Inform Reward Decisions Appendix B......Page 628
Statistical Terms Used in Pay Surveys and Analyses Appendix C......Page 639
Examples of Role Profiles Appendix D......Page 646
Examples of Job Evaluation Schemes and Systems Appendix E......Page 649
Performance Management Documentation Appendix F......Page 663
An Example of a Long-term Incentive Programme for the Main Board Directors of a Public Company Appendix G......Page 665
Using Excel for Managing Pay Reviews Appendix H......Page 667
Disclosure and Other Regulatory Requirements Relating to Remuneration Appendix I......Page 678
Examples of Incentive Schemes Appendix J......Page 681
Index......Page 693