New Dimensions in Pay Management

Are you paying your employees enough - or too much? How does your pay strategy affect vital organizational issues such as recruitment, retention and motivation? The selection of the most effective and appropriate pay structure for a particular organization has become increasingly difficult. How can you be sure that you have made the right decision? This manual addresses these issues and uses practical case studies and research to provide guidance on pay management. It examines: identifying the key concepts of pay; analyzing pay structures - broad-banded, job family and market-driven; managing relativities and pay progression; developing and introducing new pay; and evaluating pay structures.