Reward Strategies and Pay StructuresPosted in : HR Updates on 5 July 2010 Issues covered:
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 corporate identity and/or organisational branding are not clearly defined.
- There has previously been an
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This article is correct at 06/08/2015
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