Cases in reward management

There has been a growing upsurge in interest in reward management in recent years. Issues of boardroom pay, city bonuses and performance pay are regularly exposed in the press and organisations are increasingly making use of more varied approaches to offer a flexible and attractive reward package. This, in turn, allows them better opportunities to recruit and retain high caliber staff necessary to face the increasingly competitive global competition. Cases in real Management looks at the key aspects of the topic through a series of instructive case studies. It features studies of pay systems in a wide range of organisations including major international companies such as Glaxo, Mercury and RTZ together with much smaller niche companies where innovative approaches lead to a larger market share and higher profitability. Subject areas include: flexible benefits;equal pay issues;gain sharing;performance-related pay;paying for innovation;profit-related pay; competence-based pay;sales contests;shop-floor incentives;director's pay. Issues, options and importance of each area are fully covered. This book is an ideal introduction to the subject for HRM practitioners and for Compensation and Benefits specialists, and it fully reflects the sections of the new IPD syllabus that cover reward management. John Stredwick is a Senior Lecturer in the Business and Management faculty of the University of Luton and a consultant and specialist in human resources issues.