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REWARDING INDIVIDUAL AND TEAM CONTRIBUTIONS AND ORGANISATIONAL
THE CONCEPTUAL FRAMEWORK
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achieve Agency theory analysis approach assessment bands basic basis behaviour benchmark jobs bonuses broad-banding budget cent chapter competence competitive consultants Contingency theory contribution costs defined effective emphasis employee benefits employee reward ensure equal value example factor plan flexibility Glaxo Wellcome grade structure implementation incentive schemes individual internal intrinsic motivation involved job analysis job evaluation scheme job families job holders judgements labour economics labour market levels of pay line managers market rates methods motivation non-financial objectives operate organisation organisation's pay increases pay levels pay progression pay range pay structure payments pension scheme performance management performance-related pay Personnel and Development point-factor psychological contract quartile rates of pay recognise relativities remuneration reward management reward philosophy reward policies reward strategy reward system role salary share options skill-based pay skills staff survey targets team members team pay theory trade unions