Reward management is concerned with the formulation and implementation of strategies and policies that aim to reward people fairly, equitably, and consistently in accordance with their value to the organization, and hence reward management is a strategic matter. It deals with processes, policies, and strategies, which are required to guarantee that the contribution of employees to the business is recognized by all means. This book maintains a fine balance between theory/ concept and application/practice in the Indian context and offers crucial findings from academic research along with the latest developments in organizations and industry.
- Clear, specific, and practical learning outcomes set for each chapter
- Comprehensive coverage of essential conceptual frameworks and models
- Special emphasis on strategies, policies, and practices as applied in organizations
- Highlights from important research work related to topic(s)
- Opening and closing case for each chapter
- Review Questions, Discussion Questions, and Application Ideas at the end of each chapter
- Access Anywhere, Any Time Cengage app (Cengage Digital) contains:
o Concept Videos
o Forms and Legislation
o Quiz, Questions
o Supplementary Content
Section I: Fundamental Concepts of Reward Management
1. Introduction to Reward Management
2. Understanding Some Key Terms used in Reward Management
3. Regulatory Framework - Employment Laws Relating to Compensation and Benefits in India
4. Conceptual Frameworks for Reward Management
5. Context of Reward Management – External and Internal
Section II: Requirements and Process of Designing a Pay Structure
6. Job Evaluation as an Instrument of Pay Structure Design
7. Market Survey as an Instrument of Pay Structure Design
8. Designing a Pay Structure
9. Strategic Choices in Pay Administration
Section III: Designing Incentives and Benefits
10. Performance-Related Pay
11. Employee Benefits
12. Designing Reward Schemes for Sales Staff
Section IV: Special Topics on Reward Management
13. Executive Compensation
14. Pay and Benefits for Central Government and Public Sector Employees
15. Reward Management in International Context
16. Taxation of Salary and Benefits
17. Administrative Process of Reward Management
18. Reward Management – Trends and Future
Section V: Case Studies
Diganta Chakrabarti
Diganta Chakrabarti, PhD, PGDBM, has more than 20 years of experience in the field of Human Resource Management as industry professional, educator, researcher, and consultant. He attained his PhD on the topic “Impact of HR Practices Identified as High-performance Work Systems on Operational and Financial Performance of a Firm” from ICFAI University in 2012. He has published several research papers, articles, and case studies in peer-reviewed national and international journals and presented his works in academic conferences. Many of his opinion pieces on current developments in the area of HRM were published in digital forums, such as The Economic Times, The Hindu Business Line, People Matters, etc. He has taught several subjects within the broad domain of Organizational Behaviour and Human Resource Management including HR Planning and Staffing, Performance Management, Compensation and Benefits Management, Strategic/Advanced HRM, International HRM, and HR Analytics.
