Armstrong's Handbook of Human Resource Management Practice, 17th Edition

51 The basis of reward management

Chapter objectives

The aim of the chapter is to provide a general introduction to reward management covering its purpose and philosophy and how it operates strategically and as a system. It is set out under the following headings:

1. Reward management defined

2. The aim of reward management

3. The philosophy of reward management

4. Reward strategy

5. Reward policies

6. Total reward

7. Reward management in practice

8. The reward system

Reward management defined

Reward management deals with the strategies, policies and practices required to ensure that the value of people and the contribution they make to achieving organizational, departmental and team goals is recognized and rewarded. It provides answers to two fundamental questions: ...