The Remuneration Handbook (International Edition)
How we remunerate employees reflects the dynamics of the market and context in which we operate. It aligns at all times to the strategic direction and specific value drivers of the businesses within which our organisation operates. Remuneration plays a critical role in attracting, motivating and retaining high-performing individuals. Remuneration also reinforces, encourages and promotes superior performance.
Through variable remuneration linked to value drivers, superior performance is recognised and rewarded, while poor performance and under-achievement are coached and managed. Remuneration is never a stand-alone management process, but is rather fully integrated into other management processes, such as the performance management process, and the overall Human Resources policies.
Organisation Strategy and Remuneration Policy
• Job Roles and Competence
• Job Evaluation
• Individual Performance-, Competence and Skills-based Pay
• Pay Structures
• Setting Pay Levels
• Team-based Pay
• Sales Force Incentives
• Variable Pay and Incentive Schemes
• How to Design an Incentive Scheme
• Employee benefits
• Cost-of-living calculations
• International Assignment Remuneration
• Retention and Engagement
• Executive and Boardroom Pay
• Remuneration Committees, Governance and NED Pay
• Long-Term Incentive Schemes
• Reward Trends
About the Author
Dr Mark Bussin has consistently contributed to the development of a host of human re-source managers in the remuneration field in Africa via his corporate and consulting experience, wise counsel, writings, and hundreds of lectures, TV and radio inter-views. He has developed a generation of remuneration experts, helped define the field of practice, and made a significant contribution to the national level of excellence in the field.
Fermin Diez has dedicated his professional life to implementing strategy through people. His experience spans Corporations, Academia, Consulting Firms and Public Service in 40 countries across all continents. He has first-hand experience in every aspect of remuneration, as an Advisor to CEOs and Boards, as an HR Leader, and as a University Professor. He has even helped design pay plans for Presidents and Prime Ministers.
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