Managing reward risks: an integrated approach

This Research Insight is aimed at helping senior HR and reward professionals to manage and mitigate the risks arising from how their organisations reward their employees.

The report:

• introduces a framework outlining the main risks related to organisations’ reward strategy, systems and practices, identified in a series of workshops and interviews
  
• discusses the results of a CIPD survey of reward management professionals to gather their perceptions of these risks and how ready their organisations are to manage them
  
• provides tools to help organisations in a three-stage process of identifying, assessing and mitigating risk
  
• considers the skills, competencies and behaviours necessary for reward professionals to pursue a risk-based approach to their work
  
• makes five recommendations to assist organisations in adopting a more systematic approach.