HRM and Remuneration Systems

Rewards&methodsofreward
Thewage-workbargain.
Centraltoemploymentrelationship®ulation

Offer–Acceptance-Consideration(incentivepackage)
unilateralorbargained?Buyer-sellerpower?
Tailoredorstandardised?Individualorcollective?
TheCashNexus

EnidMumford’scontracts
Rewardssystemsvs.Payrolladmin.

Pay-offsintheEmployer-EmployeeRelationship
Knowledge&skillErwantsknow-howcompetenceexperience.
Eewantstobeputtogooduse&bedeveloped
Efficiency/rewardsErwantsperformance&qualityoutput.Eewantsequityfelt-fairrewards&opportunity
Ethical-values&commitmentsinright/wrongbehaviour
PsychologicalMgt&co-workerswantcommittedloyalmotivatedpeople.Individualwantssatisfaction
Taskstructure-workwithinpolicyprocedure&technicalconstraints.Jobsworkarrangements

Issuesinpaypolicypackage&administration
IntegrateEe.performancewithcompetitiveadvantage?
Smoothreliablelowrisktransactions.Handingoverthecash:personalorseparated?
Traditionalmethodsprevail.Wherearetheinnovations?
Paypolicy-closetmanagement?

HRMpolicy-makerpractitioner&academicinterests?
RewardscentraltoHRMmodels?
Theory&practice.Partial?Coherent?robust?
Thinincompletepictureandtreatment?


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