By Armstrong M.
A definitive textual content, this guide offers counsel at the numerous methods you can use in constructing and dealing with gift techniques, guidelines, and tactics. This moment variation has been thoroughly up-to-date to symbolize the most recent considering and perform on gift administration. It accommodates new examine, new case experiences, and new chapters on engagement and dedication, bonus schemes, worthwhile wisdom employees, and the accountability for gift.
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Additional info for A Handbook of Employee Reward Management and Practice
The ‘value set’ of an organization may be recognized only at top level, or it may be shared throughout the ﬁrm, so that the enterprise can be described as ‘value-driven’. The stronger the values the more they will affect behaviour. Values are concerned with such matters as care and consideration for people, the belief that employees should be treated as stakeholders, employee involvement, equity in the treatment of employees, equal opportunity, care for customers, innovation, quality, social responsibility and teamwork.
These values may inﬂuence policies in such areas as performance management, paying for contribution, resolving the often competing pressures for internal equity and external competitiveness, the equity and ‘transparency’ of reward arrangements and the extent to which employees are involved in the development of reward processes and structures. They should be taken into account in determining the criteria to be used in reviewing performance and rewarding people for their contribution. The research into performance management conducted by the CIPD in 2003/04 (1) found that many organizations were aiming to become ‘value-driven’ and were using their performance management processes to achieve that purpose, thus ensuring that their espoused values became ‘values in use’.
The organization can offer this opportunity by providing people with a sequence of experience and training that will equip them for whatever level of responsibility they have the ability to reach. Talented individuals can be given the guidance and encouragement they need to fulﬁl their potential and achieve a successful career in tune with their abilities and aspirations. Paths can be deﬁned that will map out how people can be rewarded by progressing their careers. Rewarding people through career development is associated with the process of talent management, which deals with the recruitment and retention of talented people and their career progression but is also associated with providing rewards through the working environment.
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