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Evidence Based Reward Management: Creating Measurable Business Impact from Your Pay and Reward Practices
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ISBN
:
9780749456566
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Publisher
:
Kogan Page
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Subject
:
Industry & Industrial Studies
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Binding
:
HARDCOVER
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Pages
:
262
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Year
:
2012
₹
695.0
₹
695.0
695.0
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Description
Evidence-basedReward Management is the management of reward systems based on fact rather than opinion, on understanding rather than assumptions, on grounded theory rather than dogma. It makes use of the extensive research conducted over the last 50 years into how reward systems work in organizations and what can be done to improve them. It provides HR professionals with the means of measuring exactly how the reward and pay of employees contribute directly to the performance of organizations. The authors present a compelling argument for its use and practical and informed guidance on its implementation. The book presents an analysis of the current failure of organizations to assess the effectiveness of pay and reward practices. It considers the reasons for this and outlines the damaging consequences of it. By examining recent developments in human capital information and measurement it looks at how HR can construct effective reward for improved performance, both for the individual and organization. The authors present the tools and techniques that can be applied to practice evidence based reward management, including a model which sets strategic goals, reviews current policies, looks at how to pilot and make changes and improvements and explains how to monitor and adapt on an ongoing basis. Fully illustrated with case studies includingMcDonald s, Standard Chartered Bank, and KPMG, Evidence-based Reward Management will help HR professionals to assess and communicate the effectiveness of reward in a meaningful and informed way.
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