Armstrong's Handbook of Reward Management Practice

Improving Performance Through Reward

Michael Armstrong, Duncan Brown

• Publisher: Kogan Page
• Year: 2023
• Print ISBN: 9781398611122
• eBook ISBN: 9781398611139
• Edition: 7
• Topic: Business
• Subtopic: Human Resource Management
• Index: Business

Armstrong's Handbook of Reward Management Practice is the essential guide to comprehending, developing and implementing effective reward strategies. This updated seventh edition incorporates the latest research and developments within reward management, including the reward implications of Covid and the 'great resignation' and rewarding remote and hybrid workers. Revisions also contain updates on reward structures, equal pay, employee benefits including wellbeing benefits, total rewards and smart rewards. This book covers all the crucial aspects of improving organizational, team and individual performance through reward processes, including financial and non-financial rewards, job evaluation, grade and pay structures, rewarding specific employee groups and ethical considerations. Armstrong's Handbook of Reward Management Practice bridges the gap between the academic and practitioner and is ideally suited to both HR professionals and those studying for HR qualifications, including master's degrees and the CIPD's intermediate and advanced level qualifications. Tips and checklists and can be found throughout, alongside case studies from organizations including General Motors, and the UK National Health Service. Online supporting resources include lecture slides and comprehensive handbooks for both lecturers and students, which include learning summaries, discussion questions, literature reviews and glossaries.

Table of contents

• Praise for Armstrong’s Handbook of Reward Management Practice
• Also available by Michael Armstrong
• Armstrong’s Handbook of Reward Management Practice
• Contents
• List of Figures
• List of Tables
• Introduction
• Part One Reward management: An overview
• 01 The essence of reward management
• 02 Total reward
• 03 Recognition
• 04 The changing context of reward management in the 2020s
• 05 Reward management responses, dilemmas and futures
• 06 Ethical and social dimensions of reward management
• Part Two Reward management: Conceptual framework
• 07 The factors affecting pay levels
• 08 How rewards affect behaviour and performance
• Part Three Reward strategy and policies
• 09 Strategic reward
• 10 Developing reward strategy
• 11 Implementing reward strategy
• 12 Reward policies
• Part Four Base pay management
• 13 The meaning of base pay management
• 14 Job evaluation
• 15 Market pricing
• 16 Pay structures
• 17 Base pay progression
• 18 Pay determination and reward procedures
• Part Five Bonuses for individual, team and organizational performance
• 19 Individual bonus schemes
• 20 Bonuses related to team performance (team pay)
• 21 Bonuses related to business performance
• Part Six Employee benefits and wellbeing
• 22 Employee benefits
• 23 Financial wellbeing
• Part Seven Rewarding special groups
• 24 Rewarding chief executive officers and other executives
• 25 Rewarding sales and customer service staff
• 26 Rewarding professional and specialist workers
• 27 Rewarding front-line workers
• 28 International reward
• Part Eight Managing reward
• 29 Evidence-based reward management
• 30 Managing reward systems
• 31 Managing pay gaps
• 32 Managing reward risk
• 33 Roles, responsibilities and skills for reward professionals and line managers
• Conclusions
• Index
• Copyright Page