Rewards Philosophy and Strategy
A rewards philosophy creates the basis and guidelines for development of a strategy that is consistent with organizational culture and values. While many organizations have only an implicit philosophy, an explicit and documented philosophy has huge advantages. It is available to share with managers, employees, advisors and investors. It helps you be sure your activity is aligned with your values.
A stated strategy for rewards is similarly useful in the development and implementation of compensation and benefits programs. A rewards strategy, clearly aligned with organizational objectives, will support and help the organization meet those objectives. It is a guide to leaders, developers, employees and anyone involved in the organization’s compensation and benefits programs and processes.
The advisors at Remuneration Resources have significant experience in the development of rewards philosophy and strategy, working to be sure both reflect the values and broader strategy of the organization they are designed to support.