Armstrong's Handbook of Reward Management Practice: Improving Performance Through Reward

by Michael Armstrong, Duncan Brown

Overview

Armstrong's Handbook of Reward Management Practice is the essential guide to comprehending, developing and implementing effective reward strategies.

This updated seventh edition incorporates the latest research and developments within reward management, including the reward implications of Covid and the 'great resignation' and rewarding remote and hybrid workers. Revisions also contain updates on reward structures, equal pay, employee benefits including wellbeing benefits, total rewards and smart rewards. This book covers all the crucial aspects of improving organizational, team and individual performance through reward processes, including financial and non-financial rewards, job evaluation, grade and pay structures, rewarding specific employee groups and ethical considerations.

Armstrong's Handbook of Reward Management Practice bridges the gap between the academic and practitioner and is ideally suited to both HR professionals and those studying for HR qualifications, including master's degrees and the CIPD's intermediate and advanced level qualifications. Tips and checklists and can be found throughout, alongside case studies from organizations including General Motors, and the UK National Health Service. Online supporting resources include lecture slides and comprehensive handbooks for both lecturers and students, which include learning summaries, discussion questions, literature reviews and glossaries.

Product Details

ISBN-13:	9781398611146
Publisher:	Kogan Page, Ltd.
Publication date:	11/28/2023
Edition description:	7th ed.
Pages:	440
Product dimensions:	6.14(w) x 9.21(h) x (d)

About the Author

Michael Armstrong is the UK's bestselling author of HRM books including Armstrong's Handbook of Human Resource Management Practice. Based in London, UK, he is a former Chief Examiner of the Chartered Institute of Personnel and Development (CIPD).

Duncan Brown is an independent rewards adviser and researcher. He has more than 30 years' experience with employers including IES, Aon Hewitt, PwC and Willis Towers Watson. He also spent five years as Assistant Director General and head of research and policy at the CIPD.

Table of Contents

** Chapter - 00: Introduction; * Section - ONE: Fundamentals of reward management; ** Chapter - 01: Reward management – An overview; ** Chapter - 02: Strategic reward; ** Chapter - 03: Total reward; * Section - TWO: Aspects of reward management; ** Chapter - 04: Factors affecting reward; ** Chapter - 05: Financial rewards; ** Chapter - 06: Non-financial rewards; ** Chapter - 07: Motivation and reward; ** Chapter - 08: Engagement and reward; ** Chapter - 09: Performance and reward; ** Chapter - 10: Financial well-being; ** Chapter - 11: The gender pay gap; ** Chapter - 12: The ethical approach to reward and performance management; * Section - Section THREE: Base pay management; ** Chapter - 13: Job evaluation; ** Chapter - 14: Market pricing; ** Chapter - 15: Grade and pay structures; * Section - FOUR: Rewarding and recognizing performance; ** Chapter - 16: Pay progression through contingent pay; ** Chapter - 17: Bonus schemes; ** Chapter - 18: Team pay; ** Chapter - 19: Rewarding for business performance; ** Chapter - 20: Recognition; * Section - FIVE: Rewarding special groups; ** Chapter - 21: Rewarding chief executives; ** Chapter - 22: Rewarding sales and customer service staff; ** Chapter - 23: Rewarding knowledge workers; ** Chapter - 24: Rewarding manual workers; ** Chapter - 25: International reward; * Section - SIX: Employee benefits; ** Chapter - 26: Employee pensions and benefits; ** Chapter - 27: Flexible benefits; * Section - SEVEN: The practice of reward management; ** Chapter - 28: Evidence-based reward management; ** Chapter - 29: Managing reward systems; ** Chapter - 30: Managing reward risk; ** Chapter - 31: Responsibility for reward; ** Chapter - 32: Reward management developments in the UK

Editorial Reviews

"Armstrong and Brown provide a deep and updated outlook into reward management prompting us to step back and challenge our practices while mastering the integration of team engagement and ESG considerations into the modern HR landscape."

Laetitia Brun

"This is an extraordinarily comprehensive book on reward. It reflects the need to have a helicopter approach - sweeping across broad framing environmental themes down to details such as how to design job family structures. A must for any reward professional."

Michael Rose

"Comprehensive, insightful and engaging - a must have for all Reward practitioners."

Nishant Mahajan

"Armstrong's Handbook of Reward Management Practice is a must-read for all HR and Reward practitioners and the go-to for all things reward. It not only provides the research, principles and psychology of reward but how to make it work in practice too. It's comprehensive and up to date to ensure your reward practices are robust and relevant as well as being accessible and practical too. It's rooted in data and evidence and offers practical application."

Director of People at UNICEF UK Martyn Dicker

"Pulling together every reward theory and principle, while contextualizing for a post-Brexit, post-Pandemic, cost-of-living workplace, Armstrong and Brown once again deliver the practical 'industry bible' every reward professional needs."

Debi O'Donovan

"An astonishingly comprehensive guide that locates reward in its changing context and restores its key role in the achievement of social equality and dignity at work. This handbook is essential for HR practitioners, for students and teachers of management in its widest sense but also for all involved in setting pay in the public and private sectors."

Professor Sian Moore (FHEA)

"An excellent reward handbook for our times. Loved the practical implications sections. A must read for these unprecedented and challenging times for those seeking fair and equitable reward management practices."

Fiona Evans FCIPD

"I am pleased to wholeheartedly endorse this reward management handbook, which stands as an indispensable resource for anyone seeking a comprehensive understanding of this crucial field. With its well-structured content and contemporary insights, the book skilfully navigates the intricate landscape of reward management. The authors have masterfully blended academic rigor with practical relevance, providing readers with a balanced and up-to-date perspective on the subject. As an academic in human resource management, I found the book to be a valuable guide that offers not only a solid theoretical foundation but also actionable strategies that can be applied in real-world contexts. Whether you are a student, a professional in the field, or anyone interested in optimising employee motivation and performance, this textbook is a must-read. Its insightful analysis and practical applications make it an indispensable companion that will undoubtedly contribute to enhancing your knowledge and expertise in reward management."

Jean Qi Wei

"That book has been my bible. This book is the Reward go-to reference point for academics and practitioners alike; the launch pad for a thousand reward schemes, research projects and student dissertations. I have drawn on it to teach Strategic Reward to Masters and MBA students. From two renowned experts in the field this latest edition has been substantially updated to cover contemporary topics. It's the only Reward book you will need."

Carol Woodhams

"This 7th edition of Armstrong's Handbook of Reward Management Practice is a must read for all compensation, benefits and rewards professionals and students. In addition to case studies and top-notch figures and tables peppered throughout, the authors include practical implications and a list of handy references at the end of every chapter. My hardcopy is always close at hand."

Dr. Phil Bryant

"Armstrong and Brown provide a deep and updated outlook into reward management prompting us to step back and challenge our practices while mastering the integration of team engagement and ESG considerations into the modern HR landscape."-- "Laetitia Brun, Chief Human Resources Officer, Getlink Group"

"Armstrong's Handbook of Reward Management Practice is a must-read for all HR and Reward practitioners and the go-to for all things reward. It not only provides the research, principles and psychology of reward but how to make it work in practice too. It's comprehensive and up to date to ensure your reward practices are robust and relevant as well as being accessible and practical too. It's rooted in data and evidence and offers practical application."-- "Martyn Dicker, Director of People at UNICEF UK"

"I am pleased to wholeheartedly endorse this reward management handbook, which stands as an indispensable resource for anyone seeking a comprehensive understanding of this crucial field. With its well-structured content and contemporary insights, the book skilfully navigates the intricate landscape of reward management. The authors have masterfully blended academic rigor with practical relevance, providing readers with a balanced and up-to-date perspective on the subject. As an academic in human resource management, I found the book to be a valuable guide that offers not only a solid theoretical foundation but also actionable strategies that can be applied in real-world contexts. Whether you are a student, a professional in the field, or anyone interested in optimising employee motivation and performance, this textbook is a must-read. Its insightful analysis and practical applications make it an indispensable companion that will undoubtedly contribute to enhancing your knowledge and expertise in reward management."-- "Jean Qi Wei, Senior lecturer in HRM, Kingston University, Business School"

"Pulling together every reward theory and principle, while contextualizing for a post-Brexit, post-Pandemic, cost-of-living workplace, Armstrong and Brown once again deliver the practical 'industry bible' every reward professional needs."-- "Debi O'Donovan, Co-founder & Director, Reward & Employee Benefits Association"

"This is an extraordinarily comprehensive book on reward. It reflects the need to have a helicopter approach - sweeping across broad framing environmental themes down to details such as how to design job family structures. A must for any reward professional."-- "Michael Rose, Reward strategy adviser, Speaker and Author"

"An astonishingly comprehensive guide that locates reward in its changing context and restores its key role in the achievement of social equality and dignity at work. This handbook is essential for HR practitioners, for students and teachers of management in its widest sense but also for all involved in setting pay in the public and private sectors."-- "Professor Sian Moore (FHEA), Fellow of the Academy of Social Sciences, Director, Public Services International Research Unit (PSIRU) and Co-Director, Centre for Research on Employment and Work (CREW)"

"An excellent reward handbook for our times. Loved the practical implications sections. A must read for these unprecedented and challenging times for those seeking fair and equitable reward management practices."-- "Fiona Evans FCIPD, Director of People and Culture, RSPCA"

"Comprehensive, insightful and engaging - a must have for all Reward practitioners."-- "Nishant Mahajan, Senior Principal, Mercer"

"That book has been my bible. This book is the Reward go-to reference point for academics and practitioners alike; the launch pad for a thousand reward schemes, research projects and student dissertations. I have drawn on it to teach Strategic Reward to Masters and MBA students. From two renowned experts in the field this latest edition has been substantially updated to cover contemporary topics. It's the only Reward book you will need."-- "Carol Woodhams, Professor of HRM, Surrey Business School and HR Magazine's Most Influential HR Thinker of 2023"

"This 7th edition of Armstrong's Handbook of Reward Management Practice is a must read for all compensation, benefits and rewards professionals and students. In addition to case studies and top-notch figures and tables peppered throughout, the authors include practical implications and a list of handy references at the end of every chapter. My hardcopy is always close at hand."-- "Dr. Phil Bryant, Editor-in-Chief, Compensation & Benefits Review and Associate Professor, Columbus State University"

From the Publisher

"Based on over a century's worth of combined professional experience and insight, the authors explore the building blocks of reward management and strategy, as well as the latest thinking and recent developments in public policy."

senior performance and reward adviser to the CIPD Charles Cotton

"Whether a student or a new or experienced practitioner, this is a seminal text that you should always have to hand. The world of reward management continues to evolve and this new edition has its finger on the pulse of all that is current. The sections on recognition, financial well-being, gender pay and employee benefits in particular illustrate concepts, ideas and developments that today's reward practitioners must have mastery of in the modern workplace."

Kenny Wardhaugh

"The perfect mix of the theoretical and the practical, with case studies to illustrate the many different facets of reward in practice. This is a handbook which every reward professional should have within arm's reach throughout all stages of their career."

Gemma Huntley

"This new edition provides coverage of important hot topics such as financial wellbeing and the critical connection between employee engagement and reward. It also offers practical tips for the reader on how to turn the well-explained academic theory into real life business-based improvements."

Senior Engagement Manager Katy Downes

"Armstrong and Brown's 'go-to' reward text has been brought up to date. Whether you read it cover to cover or dip in for specific insights, it gives credible background and practical answers to every reward practitioner's challenges."

Deborah Rees-Frost

"Michael Armstrong's latest reward textbook is an excellent resource as always. The content is easy to comprehend due to the straightforward and practical approach; with quality, up-to-date case studies, helpful tables and has everything in one place for anyone studying reward. A sound foundation for learners - both reward and non-reward practitioners."

Ray Parmenter

"This book has been the reference work for this area in the UK at least for a number of years. It continues to be a fantastically detailed work covering the complexities of the reward arena to great effect. It would be a very good addition to the knowledge and resources of a manager working in the payroll/reward area especially at the policy making level. It would also be highly beneficial to the student of HR and management more widely as it has a very authentic focus and uses clear and recognisable case examples."

Dr Steve Ellis