There have been fundamental changes in remuneration practices over the last quarter century, with a substantial decline in collective bargaining as the major method of pay determination. In its place there has been a growth of more individualistic systems based on employee performance, skills or competency. While many of these changes have been charted by writers in the human resource management field, until now the various texts available have been largely descriptive and prescriptive. This text is the first to adopt a critical and theoretical perspective. It covers the Institute of Personnel and Development's reward syllabus but tackles the conceptual issues missing from the existing texts. Each chapter: * is written by a separate specialist author * reviews and critiques the relevant academic literature, enabling both HR practitioners and students to become acquainted with the range of literature available and alternative viewpoints available. * contains examples and statistical material to illustrate key points and is completely up-to-date in terms of relevant legislative changes, such as the minimum wage and the requirement for minimum paid holiday entitlement.
The book includes chapters on reward managment and the new employment relationship; grading systems and estimating value; changes in wages systems; salary systems and pay progression; determining pay levels; employee benefits, allowances and tax; financial participation schemes and international reward management. Sue Hastings Independent Consultant, Edmund Heery Professor of Industrial Relations, Cardiff Business School, Jeff Hyman Professor and Head of Research, Napier University Business Sch
Table of Contents
Introduction: The Context of Reward Management "Geoff White " and "Janet Druker". Determining Pay "Geoff White." Trade Unions and the Management of Reward "Edmund Heery". Grading Systems and Estimating Value "Susan Hastings". Wages Systems "Janet Druker." Salary Progression Systems "Marc Thompson." Benefits "Ian Smith." Financial Participation Systems "Jeff Hyman." International Reward Management "Paul Sparrow." Coda - Reward Management into the Twenty-First Century "Janet Druker" and "Geoff White."