Reward Strategy

Introducing broadbanding and job families

In recent years, there has been a great deal of interest in moving away from traditional job grading systems. Organisations have taken cost and complexity out of their structures by reducing the number of levels from top to bottom.

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Bonus scheme design and operation

Guide to introducing a bonus scheme, types of bonus schemes available, funding bonus schemes, making bonus payments and avoiding equality issues.

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PAYnotes on total reward and the link to the Employee Value Proposition

The concept of total reward encompasses all aspects of work that are valued by employees. That includes elements such as training and development and/or flexible working practices, in addition to more traditional components such as pay and benefits.

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What comes next for pay and reward?

Peter Brown talks about the latest edition of the Paydata UK Reward Management Survey

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Employee recognition is more important now than ever

Employee Benefits highlights the vital role of employee recognition in the workplace as demonstrated by three recent pieces of research.

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Bonus payments rise to £38.6 billion

Total bonus payments across the UK economy totalled £38.6 billion between May 2012 and April 2013, up four per cent year-on-year, according to research by the Office for National Statistics (ONS).

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Widespread support for performance-based reward

According to findings from the Kelly Global Workforce Index, around 30 per cent of UK employees have their pay linked to performance, while two-fifths of those who don't, believe they would be more productive if such arrangements were in place.

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Is your outdated pay system stifling your organisation’s performance?

Joe Price explains how having an outdated pay system can stifle your company's performance.

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Five mistakes to avoid when developing a reward strategy

Paul Hajduk talks about five key mistakes employers make when developing a reward strategy.

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Getting to grips with job evaluation and grading

A short video on job evaluation and grading, showing you how to minimise the time, resources and training required. It covers why use it, the benefits of job evaluation, using job evaluation software and an introduction to PAYgrade.

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