Develop a reward strategy for your organisation

Key points

  • A reward strategy describes how an organisation will use reward policies, practices and processes to support the delivery of its business strategy.
  • It should include some guiding principles, what needs to be done in reward to reflect how the organisation is developing, details of the mix of financial and non-financial rewards to be offered, and a plan for implementation.
  • Organisations should build in a regular way to check with the business that the reward strategy is still relevant, current and effective.

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