By Michael Armstrong, Helen Murlis
"A top notch reference book." -- group of workers administration (now humans administration)
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Extra resources for Reward Management: A Handbook of Remuneration Strategy and Practice, Fifth Edition
Richardson, R and Thompson, M (1999) The Impact of People Management Practices on Business Performance: A literature review, IPD, London 12. , in Social Exchange: Advances in theory and research, ed G K Gergen, M S Greenberg and R H Willis, Plenum, New York 13. Tyler, T R and Bies, R J (1990) Beyond formal procedures: the interpersonal context of procedural justice, in Applied Social Psychology and Organizational Settings, ed J S Carrol, Lawrence Earlbaum, Hillsdale, NJ 14. Quinn, J B (1980) Managing strategic change, Sloane Management Review, 11 (4/5), pp 3–30 15.
Strategy, according to Mintzberg, is best regarded as a ‘pattern in a stream of activities’. 1 may provide a desirable model, the reality is different. Reward strategists do not start with a clean sheet. They have to take note and keep taking note of the changing situation in their organization, including the needs of stakeholders. They Strategic reward ❚ 39 will have to take particular account of financial considerations – the concept of ‘affordability’ looms large in the minds of chief executives and financial directors, who will need to be convinced that an investment in rewards will pay off.
Future growth and opportunity Learning and development beyond current job Most people want to get on. As Ed Lawler put it,12 ‘People enjoy learning – there’s no doubt about it – and it touches on an important treat people right principle for both organizations and people: the value of continuous, ongoing training and development in creating a virtuous spiral. ’ Alderfer too13 emphasized the importance of the chance to grow as a means of rewarding people and therefore motivating them. ’ Employers can offer this opportunity by providing people with a sequence of experience and training that helps equip them for whatever level of responsibility they have the ability to reach.
Reward Management: A Handbook of Remuneration Strategy and Practice, Fifth Edition by Michael Armstrong, Helen Murlis