Human resource management practice I also available by michael armstrong

Chapter 

27

  The Practice of Reward Management

389

1 

What is reward management?

2 

What are the main aims of reward 

management?

3 

What is a reward system?

4 

What is base pay?

5 

What is contingent pay?

6 

What are financial rewards?

7 

What are the main arguments in favour  

of financial rewards?

8 

What are the main arguments against  

financial rewards?

9 

What is a total rewards approach?

10 

What is market pricing?

11 

What is job evaluation?

12 

What are the main types of job evaluation 

schemes?

13 

What is base pay management?

14 

What is a grade structure?

15 

What is a pay structure?

16 

What are the main types of grade and pay 

structures?

17 

What are the guiding principles for grade and 

pay structures?

18 

What is contingent pay?

19 

What are the main types of contingent pay?

20 

What are the main types of individual 

contingent pay schemes?

21 

What is team pay?

22 

What are the main schemes relating rewards  

to organizational performance?

23 

What is evidence-based reward management?

24 

What is a compa-ratio and how is it used?

25 

What are the steps needed to conduct an 

individual pay review?

Questions

References

Armstrong, M and Baron, A (2004) Managing 

Performance: Performance management in action, 

London, CIPD

Armstrong, M, Brown, D and O’Reilly, P (2010) 

Evidence-based Reward, London, Kogan Page

Armstrong, M, Brown, D and O’Reilly, P (2011) 

Increasing the effectiveness of reward:  

an evidence-based approach, Employee Relations, 

33 (2), pp 106–20

Booth, A L and Frank, J (1999) Earnings, productivity 

and performance related pay, Journal of Labor 

Economics, 17 (3), pp 447–63

Bowey, A and Thorpe, R (1982) The Effects of 

Incentive Pay Systems, London, Department of 

Employment

CIPD (2013) Reward Management Annual Survey 

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e-reward

e-reward (2005) Survey of Performance Management 

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e-reward (2009) Survey of Contingent Pay, Stockport, 

e-reward

Gerhart, B and Rynes, S L (2003) Compensation: 

Theory, evidence and strategic implications, 

Thousand Oaks, CA, Sage

Ghoshal, S and Bartlett, C A (1995) Changing the 

role of top management: beyond structure to 

process, Harvard Business Review, January–

February, pp 86–96

Gupta, N and Shaw, J D (1998) Financial incentives, 

Compensation 

& Benefits Review, March–April, 

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Jenkins, D G, Mitra, A, Gupta, N and Shaw, J D 

(1998) Are financial incentives related to 

performance? A meta-analytic review of empirical 

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pp 777–87

Kessler, I and Purcell, J (1992) Performance-related 

pay: objectives and application, Human Resource 

Management Journal, 2 (3), pp 16–33

Kohn, A (1993) Why incentive plans cannot work, 

Harvard Business Review, September–October, 

pp 54–63

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