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.
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Learn about the UK law surrounding workplace pensions and how to choose new schemes or review existing pension arrangements
Outlines the purpose of pay structures and progression, including the common ways of structuring pay and determining, reviewing and controlling pay progression
An overview of HR outsourcing, its use within organisations and its alternatives
Understand what succession planning involves, the link between succession planning and talent management programmes, and the role of people professionals in the process
Looks at the main stages of the recruitment and resourcing process, from defining the role to making the appointment
Learn about the UK law surrounding workplace pensions and how to choose new schemes or review existing pension arrangements