A reward strategy needs to make clear the aims of the various reward elements, integrate them coherently and tell employees what they can expect to receive and why. You’ll find here information on reward strategy and remuneration, pay structures, pay policy and practices, salary and payroll administration, total reward, minimum wage, executive pay and team reward. There are other pages for: bonuses and incentives, employee benefits, equal pay, pensions, performance related pay and salary surveys.
Our Reward blog, aimed at HR and reward professionals, is intended to promote and stimulate thought leadership and increase awareness and understanding around pay, benefits and non-financial reward.
Increases to National Minimum Wage rates have been announced: from 1 October 2015, the standard adult rate will be £6.70, the development rate for those aged 18-20 will be £5.30, the young workers rate for those aged 16-17 will be £3.87, and the apprentice rate will be £3.30.