How can reward in organisations become AI-ready?
Reward in an organisation is AI-ready when it has a clear job architecture, reliable data, and governance and decision making frameworks.
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How to develop a Global Reward Strategy – Part Two
In Part One of our blog we explored three important principles to take into consideration when developing a Global Reward Strategy; Values, Fairness and Culture. Click here to view that blog. This time we examine key considerations for determining the approach to salary, bonuses, share plans, benefits and allowances within a global company. Salary The
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How to develop a Global Reward Strategy – Part One
Our definition of Reward Strategy is “an approach to reward based on a set of coherent principles in support of the organisation’s aims.” This works equally well if it is for one location or many. Why introduce a global reward strategy? To the extent that the organisation has a brand and approach to its clients
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What is Reward Strategy?
It is important to really understand a reward strategy. In this article, Michael Rose talks about how it should fit with a business’s vision and an organisation’s values. The essence of a definition Valuable insights can come from unexpected sources. For example, in Alice’s Adventures in Wonderland, by Lewis Carroll we have the following discussion between
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Employee Reward and Recognition: Why non-cash can beat cash
An obvious employee reward may be some kind of monetary reimbursement or award. However, did you know that non-cash incentives can often beat pure cash when it comes to perception of value and for driving employee motivation. In this blog, Michael Rose offers 4 main reasons why non-cash is always worth considering as part of
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How to create an effective employee reward strategy
What makes an effective total reward strategy? You may have an employee reward programme. Employees may be taking advantage of the benefits you offer. However, is it the best fit for your organisation and its culture? What underpins the reward, compensation and benefits you offer? In this blog, we explore what makes an effective reward
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Maximising the value of your reward strategy
How to optimise the value of your reward programmes There are two ways to maximise the value of an organisation’s reward programmes, you can: These are not mutually exclusive; far from it, they may well work best in tandem. For example, if you are making savings in some parts of your reward programmes then ensure
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A Reward Strategy versus a Reward Programme
Our definition of Reward Strategy is: “An approach to reward based on a set of coherent principles in support of the organisation’s aims.” Many organisations may have a reward programme but little strategy behind it, or understanding of its implications or the perception of it held by employees. An effective reward programme is, therefore, one
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