Reward Management is a practical guide to understanding and implementing effective reward strategies. It offers a complete overview of the field and how to align reward management approaches with the HR and broader organizational objectives. Tailored to the needs of professionals, it combines practical tools, scenarios and case studies to cover key areas including pay grades and structure, job evaluation, pay reviews, bonus plans, non-cash reward, benefits, tax issues and much more. It provides the knowledge and skills needed to plan, implement and assess an effective reward strategy.
This new edition of Reward Management has been updated with current trends and approaches to reward management. These include the role of the reward professional, how wellbeing is being used as part of the reward approach, discussion on social recognition, gamification and how best to make an impact. New case studies include insight from McDonald's and KPMG, whilst supporting online resources offer downloadable templates and tools to be used in practice.
The HR Fundamentals series is endorsed by the Chartered Institute of Personnel and Development (CIPD), the UK professional body for HR and people development with over 145,000 members worldwide. This series of succinct, practical and straightforward guides supports those in the early stages of HR.
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"Pay and reward management is a technical and increasingly complex area. Michael makes the complex simple and puts his enormous and varied experience to good use in this highly practical and readable introduction to the field. I use it both with the reward professionals I work with and the students I teach." (Duncan Brown, Head of HR Consultancy, Institute for Employment Studies)
"How you reward and recognise employee contribution sends an important message to your workforce, investors and society about the kind of employer you are. This book helps you ensure that your pay, benefit and recognition practices send the right messages, in the right way and at the right time about the performances, behaviours and attitudes that your organisation values." (Charles Cotton, Senior CIPD Policy Adviser for Performance and Reward)
"This is a refreshingly practical introduction to the world of reward management. Michael brings his extensive personal experience and knowledge to life through engaging observations, accessible case studies and clear explanations of the theories, models and essential tools for today's reward practitioner." (Richard Hortop, Reward Director, Sky)
Is part of the CIPD-endorsed HR Fundamentals series of succinct, practical guides for those in the early stages of HR
Uses practical tools, reflective questions and real life examples to build knowledge and skills in order to implement a successful reward management strategy closely aligned to an organization's wider objectives
New to this edition: fresh material on the role of recognition and non-cash awards, and the psychological implications relating to financial incentives. New and updated case studies include insight from Marks and Spencer, Which?, The Royal Horticultural Society and Tata Consultancy Services
Online resources: downloadable templates and tools to develop and implement reward management strategies
"About this title" may belong to another edition of this title.
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