How to follow a total reward approach

Author: Mark Childs

Consultant author: Tony Hatton-Gore

Summary

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• Understand what is meant by total reward.
• Gain insight into the concept of total reward in terms of the organisation's intentions and goals.
• Appreciate that there is not one standard definition of total reward, but that the key features of total reward are very similar, regardless of whose model is adopted or imitated.
• Be aware of the management theory that underpins total reward.
• Consider whether or not the organisation is likely to be receptive to the concept of total reward by evaluating whether or not it displays the essential preconditions to a successful introduction.
• Ensure that the total reward approach adopted takes account of all of the key elements.
• Ensure that the organisation is involving the right people in the project, both to ensure a successful, comprehensive design and to limit the risk that others will block the progress of total reward.
• Consider what is involved in implementation and how success will be measured.
• Identify the benefits of total reward to the organisation and its employees.
• Be realistic about what can be achieved and set realistic expectations.