Pay and benefits are important in attracting, retaining, and engaging employees. A range of options are available to reward workers and recognise their contribution. However, each comes with their own opportunities and risks. The most effective reward packages meet the needs of:

  • its people,
  • the business, and
  • the organisation’s purpose, culture, and performance.

All in a fair and responsible way.

This factsheet explores the purpose of reward and how employee responses can vary. It introduces:

  • pay structures and levels
  • considerations surrounding pay awards
  • factors affecting pay progression
  • variable pay
  • the UK law around pay
  • the role of employee benefits
  • non-financial rewards
  • total reward.
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