This comprehensive text examines the many forces influencing decisions about pay - such as market forces, economics, and corporate culture and strategy. It provides guidance on all remuneration issues including job evaluation, grading structures, performance management, profit-related pay, benefits and reward for particular groups. Revised and updated, this second edition examines: the outcomes of research into the psychological contract, performance management and performance pay; motivation theories and their impact on reward; a summary of the major contributions of the reward "gurus" such as Lawler, Schuster and Zingheim; the concept of contribution-related pay; 360-degree feedback; flexible benefits, job family modelling, and broadbanding; and equal pay, taxation and reviewing pay.