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Reward Management
Book

Reward Management

A Handbook of Remuneration Strategy and Practice

Helen Murlis and Michael Armstrong
Kogan Page, 2005

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Editorial Rating

8

Qualities

  • Applicable

Recommendation

Tricky as it may sound to execute, this is a solid, concise introduction to reward strategy and management. Authors Michael Armstrong and Helen Murlis begin with the broadest, most elementary definition of reward strategy and management, but quickly dig down to pay dirt. They provide insider details on job evaluation schemes, antidiscrimination legislation, motivation and the other logistical choices required for reward management. Considered a classic by some in the field, their book offers quite a granular discussion of grade and pay structures, performance management, contingent pay and even the use of consultants. Its primary flaw is its steady use of one author’s employer - the Hay Group consulting firm - as the constant exemplar of reward scheme models and methods. getAbstract.com finds that this thorough, practical book provides all the ingredients you need to cook up a "best practices" reward management program.

Take-Aways

  • A reward strategy exists to, "reward people fairly, equitably and consistently."
  • Your reward management regimen should support your organizational goals.
  • Because organizations now recognize the importance of employee engagement, total reward strategy is gaining acceptance over purely monetary approaches.

About the Authors

Michael Armstrong is joint managing partner of an e-rewards Web site and a former Chief Examiner (Employee Reward) for the Chartered Institute of Personnel and Development. Helen Murlis, CCIPD, is a director of Hay Group.

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