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.
Find out what's meant by fair pay, what pay information UK employers must disclose by law and the opportunities pay narratives bring.
Insights, benchmarking data and recommendations from the CIPD's latest survey on employee benefits
Find out what's meant by fair pay, what pay information UK employers must disclose by law and the opportunities pay narratives bring.
This factsheet looks at employee voice, its purposes and use, and the benefits it can bring to an organisation and its workforce. It also covers whistleblowing and creating a speak-up culture
Learn how to manage short- and long-term absence in an organisation
An introduction to trade unions and how to work with them effectively