Strategic Reward
Examines the essence and context of strategic reward and the processes involved in developing and implementing reward strategies.
The reward challenges facing organizations today are enormous, with a significant growth in demand for specialists able to deliver business-enhancing reward solutions. In this comprehensive collaboration, Michael Armstrong and Duncan Brown demonstrate that formulating a reward strategy isn’t enough: you have to make it happen. They profile the potential benefits of strategic reward and describe the ‘new realism’ that is emerging, as organizations pay greater attention to employee motivation and communication in order to realize these benefits in practice. Key sections cover:
strategic reward and organization performance;
engagement and organizational commitment strategies;
tailoring rewards to suit the environment;
developing and implementing reward strategy;
communicating reward strategy.
Fully illustrated with international case studies including BT, GlaxoSmithKline, Lloyds TSB, Tesco and Unilever, Strategic Reward will help HR and reward professionals to make their reward strategies happen. It is essential reading for reward practitioners and managers, HR professionals, postgraduate HRM students and students of reward management.
REVIEWS :“I thoroughly enjoyed reading this book. I like the authors’
approach to strategic reward with its emphasis on process and delivery.
Each section has a host of relevant organizational examples plus the
latest research. I particularly liked the section on the reward for
knowledge workers. This book will certainly influence reward thinking
and practice and is an essential read for anyone working in the field.”
Bruce Thompson, Senior Lecturer in Reward, Middlesex University Business
School and former Reward Manager, BP Oil UK
“Strategic Reward is a book for all reward practitioners who want
to raise their game. This is a thoughtful and stimulating book; it is
also remarkably clear and accessible for those who want to learn about
what reward really means and move beyond traditional transactional
thinking.”
Helen Murlis, Director, Hay Group
“A particularly useful book for those interested in reward, or
thinking about developing a reward strategy, which proposes a way of
thinking that is strategic in nature but highly practical in its
application.”
Tim Fevyer, Compensation & Benefits, Lloyds TSB
“Armstrong and Brown fulfill the promise of the book’s title.”
Benefits and Compensation International
Hardback, 272 Pages, Dimensions 234 x 156 MM Language English.
Part 1 The Essence of Strategic Reward
1 Strategic reward: what it means
2 Reward strategy: purpose and content
3 Strategic reward and performance
4 Engagement and organizational commitment strategies
Part 2 The Context of Strategic Reward
5 The reward environment
6 Reward strategies in a knowledge economy
7 Reward strategies in a service-based economy
8 Developments in reward management
Part 3 Developing and Implementing Reward Strategies
9 Developing reward strategy
10 Implementing reward strategy
11 Role of the front line manager in managing reward
12 The strategic and multiple roles of the reward professional
13 Communicating reward strategy: from telling and selling to involving and engaging
Michael Armstrong is a Companion and former Chief Examiner of the Chartered Institute of Personal Development (CIPD), joint managing partner of e-reward and an independent management consultant.
He is the author of several best-selling HR titles including A Handbook of Human Resource Management and Practice, Performance Management, Strategic Human Resource Management, A Handbook of Management and Leadership (with Tina Stephens), Job Evaluation and Reward Management (with Helen Murlis), all published by Kogan Page.
Duncan Brown is Assistant Director General at the Chartered Institute of Personnel and Development (CIPD), leading their research and public policy work.
He holds an MBA from the London Business School and has a formidable reputation for his expertise in pay and reward. He is a prolific author and public speaker in the field, and in a recent poll he was voted one of the United Kingdom’s Top 10 ‘HR Power Players’.