Outlines the main characteristics of strategic and total reward, and looks at designing and implementing a reward strategy across the organisation
'Strategic reward' takes a long-term approach to how an organisation’s reward policies and practices balance and support the needs of both the organisation and its employees. The concept of 'total reward' covers the tangible and intangible aspects of work that people value and may form part of a reward strategy.
This factsheet examines how to create a reward strategy, covering the reasons behind it, how to implement it, and offering guidance on key principles. It introduces the different aspects of total reward and then discusses the available approaches, as well as their pros and cons.
Affiliate membership offers instant access to CIPD resources without the need for assessments or study, or explore your options to become a professional member of the CIPD to demonstrate your commitment to the world of work.
Already a member? Login here.
Learn about the UK law surrounding workplace pensions and how to choose new schemes or review existing pension arrangements
Read our latest Labour Market Outlook report for analysis on employers’ recruitment, redundancy and pay intentions
Introductory guidance to the ‘contract of service’, the written statement of particulars, and varying the contractual terms
Learn about the UK law surrounding workplace pensions and how to choose new schemes or review existing pension arrangements
Introduces the concepts of data protection for employers and what individual rights are to access information