in association with

Your definitive guide to reward policy, practice and expenditure

Measure and manage the return on reward
Use recognition to develop a performance culture
Integrate reward with business strategy
Benchmark reward expenditure against your competitors
Turn reward into a powerful means of meeting corporate goals
Adopt best practices to maximise the effectiveness of reward

In line with many aspects of management and organization, corporate reward has been tested by the need to respond to new pressures in the workplace. Increasing dependence on scarce talent, rising employee expectations and changing performance priorities mean that traditional approaches no longer work. The Smarter Rewards Report reveals how businesses, from SMEs to the largest employers, are adapting reward to meet these new challenges.

The scope for making reward more effective
Based on replies from 771 businesses across the UK economy, Smarter Rewards provides an authoritative evidence-based resource for every company that wants to sharpen their policies and practices. The report explains why reward is commanding the time of directors – not only in devising policies, but in ensuring that reward is effectively implemented. The findings also highlight some glaring gaps between widely-accepted principles and practice:

• An overwhelming majority of directors believe that reward should be aligned with strategy – but less than half make the link explicitly
• Most directors believe recognition is as important as pay and benefits – yet less than a third celebrate exceptional performance formally.

The Smarter Rewards Report shows how it can pay to make these and related concepts integral parts of any scheme.

Directors’ views on reward principles and practice