Employee Reward is the leading textbook for all students of pay and reward management. It provides a clear and detailed exposition of first principles and, by adopting an integrated approach, provides a definitive overview of the reward process. Reward is one of the crucial accountabilities for all human resource professionals. When used effectively as a strategic tool, it can play a key role in communicating values, promoting flexibility and maximising individual contributions to organisational objectives. This book sets out the competences that all practitioners need in their portfolio. Key areas covered include the conceptual framework - reward in context, economic theories, the psychological contract and motivation; reward processes - philosophy, strategy and policy, evaluating, pricing and analysing jobs and roles; pay structures - narrow-graded, broadbanded and job family structures, rewarding individual and team contributions and organisational performance, performance management, employee benefits, allowances and pension schemes; managing reward systems - conducting pay reviews and developing and implementing reward systems. The text is fully referenced with the latest legislation and research findings. It contains detailed sources of further information, and regular questions to enable readers to place theories firmly in a practical context. Each chapter has a clear overview and concise summary, providing ideal points for revision and reference.