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.
In addition we have a range of articles and information by KPMG, CIPD's online knowledge partner for pensions.
The new National Minimum Wage rates from 1 October 2014 have been announced: the standard adult rate to £6.50, the development rate for those age 18-20 to £5.13, the young workers rate for those aged 16-17 to £3.79, and the apprentice rate to £2.73.
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.