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Are you paying your employees enough - or too much? How does your pay strategy affect vital organizational issues such as recruitment, retention and motivation? The selection of the most effective and appropriate pay structure for a particular organization has become increasingly difficult. How can you be sure that you have made the right decision? This manual addresses these issues and uses practical case studies and research to provide guidance on pay management. It examines: identifying the key concepts of pay; analyzing pay structures - broad-banded, job family and market-driven; managing relativities and pay progression; developing and introducing new pay; and evaluating pay structures.
This engaging core textbook on compensation develops a market-driven perspective, written with managers in mind.
How can strategic HRM make a significant impact on bottom-line performance? The authors have drawn on previously unpublished research to provide authentic voices from real-life managers discussing how they set about developing and implementing HR strategies. The research includes interviews with HR Directors and Chief Executives from a variety of organisations including The Childrenâ¬"s Society, Homebase and Lloyds TSB. Overall the text demystifies the concept and practice of â¬Sstrategic HRM⬠, placing it firmly within the context of the wider organizational strategy and business goals.
As part of the CIPD Revision Guides series, these revision guides are designed to aid CIPD students in preparing for their examinations. Based on the experience and skills of the CIPD Examiners, these guides provide comprehensive and relevant information and invaluable advice for students in the lead up to their CIPD examinations. There are opportunities to practise exam technique, assess knowledge levels and benefit from handy tips on improving exam performance.
Revised and rewritten to take account of the new academic standards that will be taught from September 2002, this text examines the many forces influencing decisions about pay - market forces, economics, corporate culture and strategy, to name a few. It provides clear guidance on all remuneration issues, including job evaluation, grading structures, performance management, profit-related pay, benefits and reward for particular groups. By starting from first principles and adopting an integrated approach, Employee Reward provides a definitive overview of the whole process.
Suitable for the 'Employee Reward' module on the PDS qualification, as well as for Reward modules in a wider HR and business degree market, this text offers an analytical approach to the subject area.
«Shaping Pay in Europe: A Stakeholder Approach» focuses on pay systems applied in the European Union. Giving due attention to the institutional setting of the European pay systems, the book discusses how European companies may approach pay as an integral part of their operational and strategic framework. Pay is an important topic for several stakeholders on the labour market. The book discusses the perspectives of various stakeholders - employees, employers, trade unions, and employer associations - on the issue of pay. Secondary analysis of earlier statistical studies and new empirical material on European pay systems is also presented in the book. The book also aims at contributing to a better understanding of pay systems. If one wants to understand the various pay systems of a company, which pay elements and pay characteristics should one focus on? Which are the essential pay characteristics shaping an individual's pay and how could these characteristics be studied or audited? The book provides answers to both questions by presenting a practical, yet sophisticated model of essential pay characteristics.
The first edition of this book emerged as the definitive guide to reward management and also became an established reference work on human resource management courses around the world. It's not hard to see why.Covering everything you need to know about reward management in a company, the handbook is both highly readable as well as containing an impressive programme of tried and tested techniques for running efficient and motivational reward programmes.The techniques covered include: establishing job values and relativities; developing grade and pay structures; how to reward and review contribution and performance; how to reward special groups; running employee benefit and pension schemes; and so much more.This new edition contains new research conducted by E-Reward, as well as over 30 new case studies and brand new coverage of key topics such as engagement and commitment, bonus schemes and rewarding knowledge workers. If you are involved in developing reward schemes for staff, or are studying human resource management, then this book will open your eyes to the latest thinking in staff motivation and reward.