REWARD STRATEGY
Case studies in strategic reward
A new two-part study, researched and written by e-reward.co.uk, provides an accessible and concise guide to strategic reward.
Aimed primarily at reward specialists, HR practitioners and all those concerned with reward management, the emphasis throughout is on the practical reality of evaluating, developing and implementing a reward strategy for your organisation. Put simply, our aim is to provide you with invaluable decision-making information on all aspects of developing and implementing a reward strategy.
Case studies
The first part of this study was published in e-research May 2003. In part 2 we examine -- via a series of in-depth case histories and a brief questionnaire -- the approaches adopted by leading organisations to the integration of reward strategies with business and HR strategies.
Reward strategies come in all shapes and sizes. In our case studies (chapters 2 to 4), we learn first hand from the experience of three leading organisations:
Each of the organisation's reward strategies is different just as the organisations are different. Of course, similar aspects of reward will be covered in the strategies of different organisations but they will be treated differently in accordance with variations between organisations in their contexts, strategies and cultures.
These case studies offer a unique insight into how organisations are putting reward strategies into practice to respond to the sort of demanding business challenges facing many employers.
In addition to these case studies, our document section in chapter 5 includes reward strategy statements from the Audit Commission and Cummins Engine Company.
But before turning to our case histories we begin our study with a look at the findings of our mini-survey of 16 organisations.
| What you will find in this report |
| Chapter 1: Reward strategy -- Practice in 16 organisations Results of study covering approach to reward strategy in 16 organisations -- Incidence of reward philosophy, reward strategy and action plans -- Contribution of reward strategy to business strategy -- Integrating reward strategy with HR strategy and processes. |
| Chapter 2: Case study -- Career families at AEGON UK Employees: 4,500 Business: One of UK's leading providers of pension, protection and investment products. Career families replace 27-grade pay structure -- Integrated approach to HR and reward processes -- Core factors affecting levels of pay -- Move to broader band structure -- Band architecture -- Role of line managers -- Pay progression. |
| Chapter 3: Case study -- Total reward at British Airways Employees: 52,000 Business: UK's largest international scheduled airline. Strategic reward at BA -- Linking reward to business strategy -- Total reward programme -- Eight reward principles -- Outlining strategy in set of continuums. |
| Chapter 4: Case study -- Reward strategy development at B& Q Employees: 33,000 Business: Biggest home improvement retailer in UK. An edited extract from our 63-page case study of B& Q (18,500 words), e-research April 2003. Auditing reward practices -- Development of new reward philosophy -- Store team bonus -- Family-friendly benefits -- Recognition programmes -- New pay and progression arrangements -- Pay package for customer advisors -- Total reward statements. |
| Chapter 5: Policy statements Reward strategy statements from Audit Commission and Cummins Engine Company. |
Want to know more?
Title: A guide to strategic reward: part 2 -- Case studies.
Issue no.: e-research no. 14.
Date: August/September 2003.
Pages: 47 (18,500 words).
Availability: Published by e-reward.co.uk. Click on "Research Reports" on the left-hand navigation panel of the e-reward.co.uk web site and complete the simple online subscription form at www.e-reward-data.co.uk/content/ResearchReports.asp
For more details email: paul@e-reward.co.uk
Posted 10 October 2003