A Handbook of Human Resource Management Practice

(Tuis.) #1

maximize the combined impact of a wide range of reward initiatives on motivation,
commitment and job engagement. As O’Neal (1998) has explained: ‘Total reward
embraces everything that employees value in the employment relationship.’


630 ❚ Rewarding people


Job evaluation

Grade and pay
structure

Market rate
analysis

Contingent pay

Business and
HR strategy

Reward
strategy

Total
remuneration To tal reward

Employee
benefits

Allowances

Performance
management

Non-financial
rewards

Figure 42.1 Reward management: elements and interrelationships

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