January 2026
Intermediate to advanced
776 pages
29h 22m
English
book
Armstrong's Handbook of Human Resource Management Practice, 17th Edition
by Michael Armstrong, Stephen Taylor
Content preview from Armstrong's Handbook of Human Resource Management Practice, 17th Edition
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52 The practice of reward management
Chapter objectives
The aim of this chapter is to describe the features of the principal reward management activities carried out within a reward management system. It is set out under the following headings:
Base pay management
Market pricing
Job evaluation
Pay structures
Base pay progression
Individual bonuses
Team pay
Paying for organizational performance
Recognition schemes
Employee benefits
Administering reward management
Base pay management
Base pay management is about the administration of base pay – what an employee is paid for doing a job, excluding any extra amounts such as bonuses or overtime payments.
Base pay defined
Base pay consists of two elements: job-based pay and person-based pay. ...
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