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 research organisation Market Tracking International and published by Management Today, supplies many of the answers by revealing, with the help of 11 in-depth case examples, how leading UK 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; and rather than resorting to redundancy in the first instance, companies are reskilling existing workers in anticipation of market change.
In addition to the 11 in-depth profiles of major businesses (Abbey National, Asda, Glaxo Wellcome, Marks & Spencer and others), the report contains 30 shorter case studies illustrating best practice. It summarises pay trends found by leading UK salary survey providers in 21 separate occupational groups.
Reward Strategies is available now, price £450. Contact Claire Wiggins for an order form at Management Today, 174 Hammersmith Road, London W6 7JP (telephone 0171-413 4288 or fax 0171-413 4138).