'Both topical and professional...this is a first-class reference book' - "Personnel Management" (now "People Management"). 'Michael Armstrong and Helen Murlis have come up with a detailed and reliable record of the present state of play which, while of particular value to the newcomer, can also act as a useful refresher' - "Benefits and Compensation International". 'The undisputed "bible" on the topic...' - "Administrative Management". 'Comprehensive...packed with philosophy, instruction and information' - "The Accountant's Magazine".Now in its fifth edition, "Reward Management" is recognized as the definitive UK text on the subject. This new edition has been thoroughly revised and updated based on the authors' experience, research and benchmarking activities. A new foreword has been contributed by Duncan Brown, Assistant Director General, Chartered Institute of Personnel and Development who identifies the 'mix of high challenges but potentially high returns which makes Reward Management such a critical component of successful HR and business strategies'.The book takes a strategic perspective and addresses the wide gap that exists between theory and practice, with a focus on the implications for practitioners. New chapters include: reward strategy; total reward and engaged performance; types of grade and pay structure; implementing new structures; individual contingent pay; equal pay for work of equal value; boardroom pay; international remuneration; recognition schemes; and, flexible benefits trends in reward management. Comprehensive and highly practical in its approach, the book shows that reward management is about performance - of individuals, teams and the whole organization. It examines in detail the performance management processes and various approaches to paying for performance, skill and competence that can be adopted.