Reward management - Facts and trends in Europe

Abstract

Reward Management - Facts and Trends in Europe covers a wide range of topics and perspectives that will help to understand the status and challenges of rewards systems not only in Europe but also around the world. This book is an outcome of the First European Reward Management Conference (RMC) held at Brussels December 17 - 18, 2007. The book focuses on reward and compensation in Europe and the challenges ahead. Europe is large and diverse region comprising many states, 27 of which are members of European Union. This results in a variety of compensation, benefit and non-monetary reward practices, about which we know relatively little. Therefore, we need more debate about current issues in reward and compensation, both from a policy and practice perspective. The book has thirteen chapters covering topics like: wages of young workers in Europe, employee ownership, differences between men's and women's perceptions and attitudes in pay-setting process, innovative compensation schemes, a new instrument (PReSS) to measure employees' satisfaction with psychological rewards, top management's (CEO) remuneration and how it is related to firm performance, the role of the first line manager in pay process, procedural and interactional justice in the performance appraisal process, employee benefits, differences of employees' reward preferences, the role of monetary rewards in innovativeness, and talent management.