Creating a reward strategy

Employers today are acknowledging the increasingly important role of reward programs to achieve their business goals in terms of enabling organisations to deliver the right amount of rewards, to the right people, at the right time, for the right reason.

Employers are also realising that rather than replicating the reward practices of other companies, their reward strategy must be deliberately created to support its own unique human capital strategy – that is, the ‘people’ side of business success.

By involving all appropriate stakeholders we generate a perspective on reward, often raising questions like ‘Should you be rewarding on a team or individual basis?’ and do you wish to reward for the ‘what’ an individual achieves, or the ‘how’ the employee achieves results?

By undertaking a relatively simple exercise with each of your Corporate stakeholders we can quickly establish the shape and direction of your new reward strategy.

For an example of where we have worked with an organisation in this area, please see the following example Case Studies : Connaught Plc and DST Global Solutions