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Reward Strategies and Pay Structures

Posted in : HR Updates on 5 July 2010
Anne Dougan
ThinkPeople

Anne Dougan writes:


Q. The new CEO wants a full review of pay structures within the organisation. Is now a good time and where do I start?

1. Why Reward Strategies Fail

The best reward strategies reflect the needs of the organisation and its employees, they underpin organisational and HR strategy and allow costs to be controlled through a flexible approach. So many organisations stumble at the first hurdle when it comes to designing a reward strategy which will work for them. There are many reasons for this, which may include:

  • A lack of clarity on the strategic direction of the company.
  • The

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This article is correct at 06/08/2015
Disclaimer:

The information in this article is provided as part of Legal-Island's Employment Law Hub. We regret we are not able to respond to requests for specific legal or HR queries and recommend that professional advice is obtained before relying on information supplied anywhere within this article.

Anne Dougan
ThinkPeople

The main content of this article was provided by Anne Dougan. Contact telephone number is +44 (0) 7739 188564 or email Anne.Dougan@thinkpeople.co.uk

View all articles by Anne Dougan