Contents
Part 1 Fundamentals of Reward Management 1
1. Overview of Reward Management 3
2. Total Reward and Engaged Performance 11
3. Strategic Reward 30
4. Reward Policies 43
5. The Psychological Contract 50
6. Motivation and Financial and Non-financial Rewards 58
7.. Factors Affecting Levels of Pay 74
8. Age Discrimination 81
Part 2 The Evaluation and Development of Reward
Processes 95
9. Evaluation of Reward Processes 97
10. Development of Reward Processes 110
Part 3 Assessing Job Size and Relativities 117
11. Job and Role Analysis 119
12. Job Evaluation: Processes and Schemes 129
13. Job Evaluation: Scheme Design and Operation 149
14. Equal Pay for Work of Equal Value 165
15. Market Rate Surveys and Reward Research 176
Part 4 Grade and Pay Structures 209
16. Types of Grade and Pay Structures 211
17. Grade and Pay Structure Design 226
18. Implementing New Grade and Pay Structures 241
Part 5 Performance Management 249
19. The Basis of Performance Management 251
20. Performance Management in Practice 270
Part 6 Contingent Pay- Pay Progression: Rewarding
Performance, Competence and Contribution 295
21. Contingent Pay- General Considerations 297
22. Individual Contingent Pay 302
23. Bonus Schemes 325
24. Executive Annual Incentive Schemes 333
25. Employee and Exective Share Schemes 348
26. Team Rewards 367
27. Gainsharing- Sharing in Corporate Success 382
28. Profit Sharing 392
29. Recognition Schemes 399
30. Shop-floor Incentive and Bonus Schemes 407
31. Salesforce Incentive Schemes 426
32. Other Cash Payments and Allowances 434
Part 7 Employee Benefits and Pensions 441
33. Employee Benefits 443
34. Flexible Benefits 471
35. Pensions 486
36. Tax Considerations 513
Part 8 Special Aspects of Reward Management 525
37. Boardroom Pay 527
38. International Remuneration 537
39. Mergers and Acquisitions 557
40. Reward Policies for New, Start-up and High-growth
- Organizations 565
Part 9 Managing Reward Processes 571
41. Reward Management Procedures 573
42. Communicating the Benefits 595
43. Developing and Introducing Reward Management
Processes- The Use of Consultants 605
Part 10 Questions and Trends 611
44. Reward Management Questions 613
45. Trends in Reward Management 628
Appendices 635
A Further Sources of Reading and Information 637
B Using Employee Surveys to Inform Reward Decisions648
C Statistical Terms Used in Pay Surveys and Analyses 659
D Examples of Role Profiles 666
E Examples of Job Evaluation Schemes and Systems 669
F Performance Management Documentation 683
G An Example of a Long-term Incentive Programme 685
for the Main Board Directors of a Public Company
H Using Excel for Managing Pay Reviews 687
I Disclosure and Other Regulatory Requirements 698
Relating to Remuneration
J Examples of Incentive Schemes 701
Index 714