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, senior content manager, data and HR insights

New and updated

  • Date:
    24 May 2024
    Type:
    Podcasts and webinars

    Why now is the time to align your rewards with your EVP

    Join Debra Corey, an award-winning HR consultant, for an insightful webinar on why aligning your rewards with your Employee Value Proposition (EVP) is critical for your organisation

  • Date:
    31 January 2024
    Type:
    Podcasts and webinars

    Podcast: How to prepare for Generation Alpha joining the workforce

    Rebekah Martin, senior vice president of reward, inclusion and talent acquisition at AstraZeneca, joins us to talk about the changing motivations and requirements of the workforce - connection to purpose, skills-based learning, recognition and more.

  • Date:
    9 January 2024
    Type:
    Commentary and insights

    Rebuilding in 2024: Strategies for reshaping worker expectations

    This could be a pivotal year for HR. As ever, the cornerstones of what we do will be recruitment, retention, motivation, performance and productivity, but - asks Andrew Walker of Personal Group - what do they mean for HR and reward professionals in 2024 and beyond?

  • Type:
    Editor's choice

    Employee value proposition (EVP): Resource round-up

    A round-up of XpertHR resources on developing an employee value proposition (EVP).

  • Date:
    1 December 2023
    Type:
    Commentary and insights

    Six strategies to attract talent and remain competitive in 2024

    Organisations are struggling to attract talent, but it doesn't have to be that way. Based on our survey findings, we explore ways to help employers address the skills shortage and stand out from the competition.

  • Date:
    28 November 2023
    Type:
    Podcasts and webinars

    Webinar: Rebuilding reward - game-changing strategies reshaping employee expectations of work

    Andrew Walker from Personal Group looks at the strategies employers need to implement in order to meet and manage employee expectations as we approach 2024.

  • Date:
    23 March 2023
    Type:
    Survey analysis

    Reward planning and priorities: XpertHR survey 2023

    Employee reward and benefits have remained topical issues during a period of high inflation and the cost-of-living crisis. We look at priorities and challenges facing reward departments this year, and how organisations are supporting employees with the cost of living.

  • Date:
    21 July 2022
    Type:
    Podcasts and webinars

    Webinar: How to benchmark salaries and benefits in a fast-paced market

    Sheila Attwood shares the latest figures on annual pay reviews, while Penne Cecil Hutton addresses how to benchmark pay and benefits when things are moving so quickly.

  • Date:
    11 March 2022
    Type:
    Commentary and insights

    Seven priority areas for HR and reward in 2022

    The coronavirus (COVID-19) pandemic has highlighted the importance of how people at work are managed and engaged. Duncan Brown looks at just what HR has achieved over the past two years, and gives his advice on how it can continue to build on this through his seven priority areas for HR and reward.

  • Date:
    25 February 2022
    Type:
    Podcasts and webinars

    Webinar: The role of pay and reward in the HR function in 2022 and beyond

    Duncan Brown, independent government and employer adviser, and researcher on reward management issues, discusses the role and content of reward strategies for 2022 and beyond as HR moves into a post-pandemic world.

About this topic

HR and legal information and guidance relating to reward strategy.

Reward strategy: key resources

Tools for pay specialists