One-Stop Guide to Managing Reward

More organisations are recognising the value of adopting a more strategic approach to reward management.   Too often managers assess an organisational problem to be about pay alone.  But all elements of reward are needed to create a productive and engaged workforce. 

Personnel Today’s new One-Stop Guide to Managing Reward gives practical solutions to developing the right plan for an organisation.  From job evaluation and grading to benefit schemes and pensions, this guide offers managers everything they need to know to design and implement an effective reward strategy. 

The guide is written by Mark Childs, director of Outset, vice-president (reward) for the CIPD and developer of  the CIPD’s Advanced Certificate in Rewards Management.

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• Alternative approaches to job evaluation and grading, with practical advice on setting salaries, determining your market position and managing pay progression
• Clear explanations of how benefit plans work and how to get the best out them
• Pensions and share plans demystified, with tips on how to shape the design of your company’s schemes
•  Case studies – see how reward strategies work in action.

Contents

Section 1: Reward Strategy
Alignment with business and HR strategy
Concepts and impact
Total and segmented reward
Developing a reward strategy

Section 2: Job evaluation and grading
Non-analytical schemes
Analytical schemes
Grading systems
Equal pay

Section 3: Base pay and salary structures 
Pay surveys 
Pay setting 
Salary structures   
Pay progression systems  

Section 4: Variable pay 
Annual incentive bonus 
Profit-sharing schemes 
Sales commission schemes 
Allowances
Deferred bonus plans 

Section 5: Benefit plans 
Benefits strategy 
Company cars
Insured or ‘risk’ benefits 
Flexible benefits  
Voluntary benefits 
International perspectives 

Section 6: Pensions 
State pensions 
Pension scheme trustees 
Different types of company pension plan 
Key features of company pension plans 
Contributions, investments and retirement 
International perspectives 

Section 7: Share schemes 
Approved and unapproved share plans 
Understanding share scheme currencies 
All employee share plans (SAYE/SIP) 
Executive share schemes, CSOP and EMI 
 International perspectives 

Section 8: International assignments 
International assignment policies 
Assignment compensation  
Home, host and hybrid 

Section 9: Case studies   
United Technologies Corporation 
Kent Police 
Tearfund 
Telewest 
Bupa 

Section 10: Resources/Jargon buster 
Key bodies, publications and websites

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