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Future Directions in Remuneration Management
Author(s) -
Bennett Mick
Publication year - 1992
Publication title -
asia pacific journal of human resources
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.825
H-Index - 33
eISSN - 1744-7941
pISSN - 1038-4111
DOI - 10.1177/103841119203000209
Subject(s) - remuneration , flexibility (engineering) , business , key (lock) , relation (database) , job evaluation , reward system , variable (mathematics) , economics , computer science , management , finance , psychology , job analysis , mathematical analysis , computer security , job satisfaction , mathematics , database , psychotherapist
The paper outlines the current situation in remuneration management particularly in relation to the two key areas of job evaluation and performance‐based reward It proposes that the moves towards microeconomic reform will have a considerable impact on how we currently view remuneration, and suggests a model to identify reward options in the future particularly encompassing skill‐based pay, team‐based pay and variable reward Finally, the paper suggests that in the 1990s there will be increasing emphasis on who decides how much executives should be paid, and that increased flexibility in remuneration will be used to help meet broad family obligations.