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