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Reward Management
Chapter 19 of Human Resource Management in a Business Context
(3rd Edition 2007) by Alan Price - published by Cengage
Contents
Objectives
The purpose of this chapter is to:
- Investigate the relationship between the human resource function and payroll administration
- Outline the rationale behind different compensation packages
- Evaluate the link between pay and performance
Sections
- Pay and compensation
- HR and payroll administration
- Technology and the pay unit
- Pay evaluation
- Motivation, pay and benefits
- Pay and performance
- Flavour of the (last) month?
- Criticisms of PRP
- Executive pay
Summary
Pay is a key element in the management of people. The importance of pay begins with
pay administration that deals accurately and swiftly with payroll-related matters.
Much of the information used by pay administrators is shared with the human resource
function. Pay evaluation systems also impinge on human resource territory. Free market
organizations are particularly concerned with performance-related pay as a motivating
factor but this trend appears to be ideological rather than rational since practical
PRP schemes that deliver the results intended are extremely difficult to construct.
Current evidence shows that performance pay is likely to demotivate more people than
it motivates.
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Human Resource Management in a Business Context, 3rd edition
Human Resource Management in a Business Context provides an international focus on the theory and practice
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