The findings from e-reward's research programme are published in a series of research reports, launched in June 2002 - a collection of case studies, surveys and toolkits on contemporary reward issues.
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Reward strategy is a business-focused description of what the organisation wants to do about reward in the next few years and how it intends to do it. The purpose of the reward strategy toolkit is to provide practical guidance on the development and implementation of an effective reward strategy.
Use this toolkit to understand
What is a reward strategy.
Why organisations introduce reward strategies.
The evidence regarding the prevalence of reward strategies in the UK.
Their key characteristics and components.
What are the pros and cons.
Key ingredients for success.
The development path for designing, introducing and maintaining a reward strategy.
What the toolkit contains
To gain an insight into reward strategy, this report starts with a definition of reward strategy, followed by a description of the purpose and features of reward strategies (section 1).
The main part of the report comprises a description of the ten stages involved in developing and implementing a reward strategy (section 2).
We then show examples of reward strategy development in a range of diverse organisations (section 3).
Our report concludes with a brief listing of sources of further information (section 4).
Issue - 48
Pages - 45
Type - Toolkit
Date - 01/10/2006
WorldPay: Shaping Reward Architecture
A sale to private equity owners following the nationalisation of its parent, Royal Bank of Scotland (RBS), was the catalyst for a programme of reward and compensation change at WorldPay, a global leader in payment processing. This restructuring of...