Reward strategies

Sheila Attwood Editor's message: A reward strategy describes how an organisation will use reward policies, practices and processes to support the delivery of its business strategy. The organisation should be clear on how each element of reward (such as salary, bonus, benefits and intangibles) is going to deliver the desired outcomes.

Adopting a total reward approach can help to deliver the objectives of the reward strategy. Total reward encompasses the tangible aspects of reward, such as pay and benefits, as well as non-pay items such as work environment and training opportunities. It recognises that people are motivated by more than just money, and uses this to influence employee behaviour and engagement.

Sheila Attwood, managing editor, pay and HR practice

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