A Handbook of Human Resource Management Practice

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