Strategic Reward: Implementing More Effective Reward Management

Strategic reward is the process of deciding what route to take in developing appropriate compensation arrangements and dealing with the issues that arise in making those decisions. Armstrong and Brown present here their "new realism" philosophy and breadth of experience on the subject. They examine the essence and context of strategic reward and the processes involved in developing and implementing strategies, along with a clear overview of the opportunities and risks of pursuing a reward strategy, demonstrating how critical it is to the dual agenda of successful organizational performance and the motivation and engagement of staff.

Strategic reward is the process of deciding what route to take in developing appropriate compensation arrangements and dealing with the issues that arise in making those decisions. Armstrong and Brown present here their "new realism" philosophy and breadth of experience on the subject. They examine the essence and context of strategic reward and the processes involved in developing and implementing strategies, along with a clear overview of the opportunities and risks of pursuing a reward strategy, demonstrating how critical it is to the dual agenda of successful organizational performance and the motivation and engagement of staff.

Michael Armstrong is a former Chief Examiner of the Chartered Institute of Personnel and Development, joint managing partner of e-reward and an independent management consultant. He has sold over 500,000 books on the subject of HRM (published with Kogan Page), including "Armstrong's Handbook of Human Resource Management Practice".

Duncan Brown is a former director in Human Resource Services at PricewaterhouseCoopers.