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 […]
How to develop a Global Reward Strategy – Part Two Read More »
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
How to develop a Global Reward Strategy – Part One Read More »
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
What is Reward Strategy? Read More »
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
Employee Reward and Recognition: Why non-cash can beat cash Read More »
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
How to create an effective employee reward strategy Read More »
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
Maximising the value of your reward strategy Read More »
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
A Reward Strategy versus a Reward Programme Read More »
