Managing People Globally

3

Employee rewards

3.1 Introduction

We have now covered the initial aspects of HRM – resourcing the organisation with people. This can involve planning requirements for HR and recruiting and selecting them. One factor that critically impacts on these aspects of HRM is that of employee rewards and its management (see White and Druker, 2000). For instance, HR resourcing difficulties, including the dimensions of attraction and retention, may be linked back to employee rewards. Rewards retain their importance for a range of reasons and reward practices attract widespread media, political and public attention, especially in cases where rewards seem to be too low or too high. These issues have been brought to the attention of an even wider audience ...