Cover image for Reward Management Toolkit : A Step-By-Step Guide to Designing and Delivering Pay and Benefits.
Reward Management Toolkit : A Step-By-Step Guide to Designing and Delivering Pay and Benefits.
Title:
Reward Management Toolkit : A Step-By-Step Guide to Designing and Delivering Pay and Benefits.
Author:
Armstrong, Michael.
ISBN:
9780749461683
Personal Author:
Edition:
1st ed.
Physical Description:
1 online resource (240 pages)
Contents:
Contents -- Introduction: the tools and how they are used -- Overall structure of the tools -- Individual structure of tools -- Basic considerations in using the tools -- Using the tool -- Use of the tools in consultative/involvement processes -- References -- Tool 01 Reward reviews -- Introduction -- Purpose of the tool -- The reward review process -- Conducting the review -- Conclusions, recommendations and action planning -- Tool 02 Reward strategy -- Introduction -- Purpose of the tool -- Contents of the tool -- Tool 03 Total rewards -- Introduction: the concept of total rewards -- Purpose of the tool -- Contents of the tool -- Models of total rewards -- Introducing total rewards -- References -- Tool 04 Reward risk management -- Introduction -- The risk management process -- Developing a framework for managing risk -- Risk identification -- Risk assessment -- Controlling risk -- Risk monitoring and review -- Key learnings -- References -- Tool 05 Job evaluation -- Introduction -- Types of job evaluation -- Purpose and contents of the tool -- Step 1: Analyse present job evaluation arrangements -- Step 2: Decide approach to job evaluation in principle -- Step 3: Select and brief project team -- Step 4: Develop communications strategy -- Step 5: Decide on features of new scheme -- Step 6: Prepare project programme -- Step 7: Develop basic factor plan -- Step 8: Select and analyse test jobs -- Step 9: Test basic factor plan -- Step 10: Amend basic factor plan as necessary -- Step 11: Decide on weighting -- Step 12: Produce full factor plan -- Step 13: Consider software support -- Step 14: Apply scheme to benchmark jobs -- Step 15: Conduct market rate analysis -- Step 16: Design grade and pay structure -- Step 17: Develop analytical matching approach -- Step 18: Implement -- References -- Tool 06 Market analysis -- Introduction.

The market analysis process -- Step 1: Preparation -- Step 2: Choosing jobs for external comparison -- Step 3: Defining data collection criteria -- Step 4: Matching jobs to the external market -- Step 5: Analysing and interpreting data -- Step 6: Presenting results -- References -- Tool 07 Base pay management -- Introduction -- Purpose of the tool -- Contents of the tool -- The grade and pay structure design sequence -- Analysis of present arrangements -- Choice of structure -- Selection and development of job evaluation scheme -- Definition of guiding principles -- Design options -- Graded pay structure design -- Broad-banded structure design -- Career family structure design -- Job family structure design -- Assimilation policy -- Protection policy -- Implementing new grade and pay structures -- Tool 08 Contingent pay -- Introduction -- Purpose and contents of the tool -- The design and development sequence -- Analysis of context and opinions -- Readiness for contingent pay -- Define guiding principles -- Set objectives for the scheme -- Project planning -- Design scheme -- Conduct pilot scheme -- Implement scheme -- Evaluate scheme -- Reference -- Tool 09 Bonus schemes -- Introduction -- Purpose of the tool -- Schemes defined -- Developing a bonus scheme -- Stage 1: Agree direction -- Stage 2: Design scheme -- Stage 3: Introduce scheme -- Stage 4: Manage scheme -- Stage 5: Evaluate scheme -- References -- Tool 10 Executive remuneration -- Introduction -- Purpose of the tool -- Contents of the tool -- Guiding principles -- Remuneration committees -- Total remuneration policy -- Base pay -- Bonus schemes -- Longer-term incentive plans -- Clawback policy -- Service contracts -- Pensions and other benefits -- References -- Tool 11 International reward -- Introduction -- Purpose of the tool -- International reward strategy guiding principles.

Survey of reward programmes -- Gap analysis -- Convergence/divergence policy -- Remuneration of expatriates -- Tool 12 Employee benefits -- Introduction -- Purpose and contents of the tool -- Conducting an employee benefits review -- Defining employee benefit objectives -- Reviewing employee benefits arrangements -- Developing employee benefits package -- Introducing flexible benefits -- Communicating to employees -- Tool 13 Pay reviews -- Introduction -- Purpose and contents of the tool -- Pay review policy -- General reviews -- Individual reviews -- References -- Tool 14 Evaluating reward -- Introduction -- Purpose and contents of the tool -- Aims -- Fundamental questions -- Methods of evaluation -- Reward measurement -- Reaching a conclusion -- References.
Abstract:
The Reward Management Toolkit provides practical guidance on the steps required to develop and implement reward innovations and to manage key reward practices, including: bonus schemes, pay reviews and evaluating rewards.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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