How should companies reward, motivate and develop their employees in the intensely competitive environment of the late 1990s? These are crucial questions facing businesses of all sizes in the UK today. Reward Strategies, a 400-page report prepared by the research organisation, Market Tracking International, and published last month by Management Today, supplies many of the answers by revealing, with the help of 11 in-depth case examples, how leading British companies are responding to the human resource challenge.
A few key findings: the focus of reward strategies is shifting from performance against job description to how the employee adds value to the organisation over time; companies are altering pay structures to enable employees to grow their jobs; rather than resorting to redundancy in the first instance, companies are reskilling existing workers in anticipation of market change.
Other issues that are examined in the report include the continued relevance of the Japanese kaizen, or continuous improvement, approach which helps to unlock higher performance; the future role of the human resource function; and how companies are currently reacting to the need to become 'learning organisations'.
In addition to the 11 profiles of major businesses (Abbey National, Asda, Glaxo Wellcome, Marks & Spencer and others), the report contains 30 shorter case studies illustrating current best practice. It summarises pay trends found by leading UK salary survey providers in 21 separate occupational groups, and concludes with an Outlook section that looks ahead to the year 2000.
Reward Strategies is now available, price £450. Contact Claire Wiggins, Management Today, 174 Hammersmith Road, London W6 7JP (tel: 0171-413 4288 or fax: 0171-413 4138) for an order form.