New guide to managing reward

What you will find in this Personnel Today report

This 40-page guide was written by Mark Childs, director of management consultancy Outset and developer of the CIPD's advanced certificate in reward management.

It is divided into ten main sections:

Section 1: Reward strategy

• alignment with business and HR strategy
• concepts and impact
• total and segmented reward
• developing a reward strategy.

Section 2: Job evaluation and grading

• non-analytical schemes
• analytical schemes
• grading systems
• equal pay.

Section 3: Base pay and salary structures 

• pay surveys 
• pay setting 
• salary structures   
• pay progression systems.

Section 4:  Variable pay 

• annual incentive bonus 
• profit-sharing schemes 
• sales commission schemes 
• allowances
• deferred bonus plans. 

Section 5:  Benefit plans 

• benefits strategy 
• company cars
• insured or "risk" benefits 
• flexible benefits  
• voluntary benefits 
• international perspectives.

Section 6:  Pensions 

• state pensions 
• pension scheme trustees 
• different types of company pension plan 
• key features of company pension plans 
• contributions, investments and retirement 
• international perspectives.

Section 7:  Share schemes 

• approved and unapproved share plans 
• understanding share scheme currencies 
• all employee share plans (SAYE/SIP) 
• executive share schemes, CSOP and EMI 
• international perspectives.

Section 8:  International assignments 

• international assignment policies 
• assignment compensation  
• home, host and hybrid.

Section 9:  Case studies     

• United Technologies Corporation 
• Kent Police 
• Tearfund 
• Telewest 
• Bupa.

Section 10:  Resources/Jargon buster 

• key bodies, publications and web sites.