Topics

Reward strategy

Sheila Attwood Editor's message: Your organisation's reward strategy describes how the organisation will use reward policies, practices and processes to support the delivery of its business strategy. The organisation should be clear how each element of reward - such as salary, bonus and benefits - is going to deliver its desired outcomes in terms of, for example, attraction, retention and motivation.

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, along with non-pay items, such as work environment and training opportunities. Organisations that recognise that people are motivated by more than just money can use this to influence employee behaviour and engagement.

Sheila Attwood, managing editor, pay and HR practice

New and updated

  • Date:
    4 January 2021
    Type:
    Commentary and analysis

    Employee benefits: no longer one-size-fits-all

    A benefits scheme is a vital part of HR's recruitment and retention toolkit but employers are starting to realise that traditional off-the-shelf packages are no longer the best way to meet changing employee needs and attract new talent.

  • Date:
    27 February 2020
    Type:
    Survey analysis

    Reward priorities survey 2020

    XpertHR research looks at where reward teams will be focusing their attention over the coming year and the strategies and factors underpinning this.

  • Type:
    How to

    How to put together a total reward statement

    Practical guidance on developing a total reward statement to showcase an employer's investment in the reward and benefits of its employees.

  • Date:
    21 February 2019
    Type:
    Survey analysis

    Reward priorities 2019

    This summary report covers key findings from the 2019 XpertHR survey on reward strategies and priorities.

  • Type:
    Good practice manual

    Managing reward for international assignments

    Good practice guidance discussing what options are available for organisations considering how to structure a remuneration package for an overseas assignee.

  • Type:
    Employment glossary

    Reward strategy

    Definition from the XpertHR glossary.

  • Type:
    Employment glossary

    Total reward

    Definition from the XpertHR glossary.

  • Type:
    Tasks

    Introduce a total reward strategy

  • Type:
    Tasks

    Develop a reward strategy for your organisation

  • Type:
    How to

    How to follow a total reward approach

    Practical guidance on adopting a total reward approach, with components including pay and other compensation, benefits, work-life balance, work environment and career and development.

About this topic

HR and legal information and guidance relating to reward strategy.

Reward strategy: key resources

Tools for pay specialists