DAY 1

What is a reward strategy?

• objectives
• success measures

Understanding the reward environment

• business environment and organisational needs
• HR environment
• employee needs
• key stakeholders

Developing a reward strategy

• links to organisation strategy and HR strategy
• reward strategy in practice
• pay philosophy
• employee motivation
• supporting organisational change
• practical introduction to the process

Components of pay 

• total rewards
• extrinsic rewards
• value/costs/benefits

The changing reward agenda

• current issues and emerging trends.

DAY 2

Reward strategy design

• organisational pay philosophy
  
• balancing the economic/psychological contract
• managing the paradoxes 
• the process of developing a reward strategy
  
• current practice
• developing the plan, tools, communication, success measures
• the change process
• Action planning.