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

  • Reward priorities survey 2020

    Date:
    27 February 2020
    Type:
    Survey analysis

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

  • How to put together a total reward statement

    Type:
    How to

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

  • Reward priorities 2019

    Date:
    21 February 2019
    Type:
    Survey analysis

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

  • Managing reward for international assignments

    Type:
    Good practice manual

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

  • Reward strategy

    Type:
    Employment glossary

    Definition from the XpertHR glossary.

  • Total reward

    Type:
    Employment glossary

    Definition from the XpertHR glossary.

  • Introduce a total reward strategy

    Type:
    Tasks

  • How to follow a total reward approach

    Type:
    How to

    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.

  • How to develop a reward strategy

    Type:
    How to

    Practical guidance on developing a reward strategy, including using total reward; incentives and bonus schemes; and employee benefits.

  • Reward strategy: what are the benefits of a global approach?

    Date:
    13 April 2012
    Type:
    Commentary and analysis

    For businesses that have operations in more than one country, managing their global workforce can become a complex task. XpertHR talks to three experts to find out how their organisations manage reward in an international context.

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HR and legal information and guidance relating to reward strategy.

Reward strategy: key resources

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