Overview

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. The contents include: - Remuneration Policy and Strategy - Job Roles and Competence - Job Evaluation - Broad-banding - Individual Performance Competence and Skills-based Pay

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9781869228262

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Reviews

The knowledge and insights shared in this book are testament to Mark's commitment to ensuring that organisational success is achieved through ethical reward practices that drive sustainable individual and business performance. His passion for the development and advancement of reward professionals and practices has already led to the implementation of impactful and cost-effective reward strategies in many organisations. I therefore highly recommend this book to anyone who is serious about developing and executing a total reward strategy that focuses people on achieving their objectives in a way that benefits all stakeholders. Lindiwe Sebesho, President (2015 - 2016), South African Reward Association (SARA) Remuneration is more than just compensation for services rendered by individuals to organisations; it's a psychological tool to foster psychological ownership, work engagement, and to retain top talent. In this latest edition of the Remuneration Handbook for Africa, Mark Bussin captures not only the practical realities, challenges and management of REM within corporate South Africa, but emphasises the psychological impact thereof on the retention of top talent. This book carries my highest recommendation for all those wanting to streamline, benchmark and manage remuneration more effectively within the private and public sectors. Llewellyn E. Van Zyl, Associate Professor in the Programme of Industrial Psychology, School of Behavioural Sciences, Faculty of Humanities, North-West University

Author Information

Dr Mark Bussin has consistently contributed to the development of a host of human resource managers in the remuneration field in Africa via his corporate and consulting experience, wise counsel, writings, and hundreds of lectures, TV and radio interviews. 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.

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