Reward
Creating remuneration and benefits approaches which are aligned to current and future organisation needs and market conditions.
Creating remuneration and benefits approaches which are aligned to current and future organisation needs and market conditions.
Reward is about designing and implementing strategies that ensure workers are rewarded in line with the organisational context and culture, relative to the external market environment.
It requires specific knowledge in a range of specialist areas to be able to create and shape total reward packages. This may include:
Reward specialists will need a deep understanding different approaches to reward and benefits packages, and how to ensure that approaches are in line with relevant legislation, as well as the links to organisation and individual performance. You’ll also need to know practical elements such as how to benchmark salaries and determine pay based on external market factors such as scarce skills.
Reward is increasingly vocal; it sends clear messages about what organisations value, what they choose to reward, and not reward, and how this reflects the culture and goals. Reward gets to the heart of the matter, including what employees care about, such as being valued and their career progression, as well as the usual pay and benefits. A few clicks away and potential hires and existing employees can share their experience, which is critical when attracting and engaging the best people in a global marketplace."
Each standard progresses through four levels of impact. Which level do you most embody in your day-to-day work?
Ensuring the relationship between an organisation and its people is managed through transparent practices and relevant law
Tackling barriers to work today whilst creating inclusive workplaces of tomorrow.
We offer a range of ways to stay connected,from events to networking, workshops and webinars.
What are the barriers that stand in the way of achieving 'good work', and which need to be addressed as a priority?
Listen nowA Northern Ireland summary of the CIPD Good Work Index 2024 survey report
A North of England summary of the CIPD Good Work Index 2024 survey report
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