Reward Principles & Strategy

Clearly defined reward principles aligned to your strategic goals

Starting with why

Our mission is to help companies build trust through pay transparency. This means giving people context around how and why pay decisions are made.

The first step in this process, before we get into benchmarking or job architecture, is to develop your reward strategy and principles.

The author Simon Sinek is known for his Golden Circle theory that invites organisations to ‘start with why’. When it comes to pay, we also believe in starting with why.

In the same way that our organisational values define our culture, our reward principles define our approach to pay and reward. And enable us to communicate this clearly to employees.

Why is reward strategy important?

Before we go into detail creating our new reward strategy and principles, we must be clear about our destination. In a two-hour workshop with your leadership team, we’ll discuss where you are now and where you want to be when it comes to pay and reward.

We will cover:

Defining your reward strategy and principles

Reward is powerful. What and why you choose to pay your employees sends a message about what you value as an organisation. Not just in terms of base pay but also bonuses, benefits, and long-term incentives.

Carrying out a reward audit means analysing your:

An effective reward strategy gets the best from your people – keeping them focused, motivated, and engaged. But clarity is crucial. People want to know that their pay decisions are made in a fair and consistent way – as part of a framework that is easy to understand.

The principles behind a reward strategy depend on your organisational vision and values, as well as the culture and behaviours you’re looking to promote.

Based on feedback from the leadership team, we will draft your reward principles around your strategic aims and organisational values. These reward principles will underpin the design of any future reward framework.

Case Studies

View our reward strategy case studies with details on our project and results

Contact us today for more information on our reward consulting services.