Reward Management introduction

Reward Management introduction

Contents

1: Reward Management

2: Reward - two types

3: Rewards - primary

4: Reward Management & HRM

5: Reward Management & performance management

Conclusion

http://www.bbc.co.uk/news/uk-politics-21125402

1: total reward

2: end of the pay rise - wider/ longer implications for workplaces

Learning objectives

Reward Management - theory

1: Identify the different types of reward and evaluate their use in different workplaces

2: Identify the relationship between reward management & HRM

3: Acknowledge and assess how external contexts impact upon reward management in the workplace

Reward Management

‘Formulation, design, implementation and maintenance of strategies, policies, practices, and systems which reward people and meet the needs of the organization and its stakeholders’ (Armstrong and Stephens, 2005, p.4)

http://www.cipd.co.uk/hr-topics/reward-management.aspx

Types of reward