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There is a clear business case for strategic compensation. Well managed rethinking of performance management, rewards and benefits leads to better business results, stronger capability, higher staff retention levels, heightened motivation and employee satisfaction. The success stories of organizations leading the field in strategic compensation prove that how employees are motivated, rewarded, recognized, fulfilled and challenged to perform better is a key differentiator between excellence and plain mediocrity.

But there are dangers. Strategic compensation could involve a complete overhaul in processes, attitudes and corporate culture and any organization hoping to reap the benefits must be prepared for the challenges it will encounter along the way.

Drawing on the experiences of pioneering organizations in the UK, Europe and the USA, Strategic Compensation explains how to develop a strategic reward approach to suit your organization's business goals and workforce needs. This report provides a detailed blueprint to planning, applying and managing effective reward strategies. It identifies and explores the key components of an effective compensation strategy - not just financial compensation, but shares, non-financial recognition, environmental and work-life benefits and more - and reveals how these can be adopted and developed to achieve your corporate strategic goals.

"... an up-to-date and comprehensive review of remuneration issues. A 'must' for all practitioners..."
Jon Young, Head of Human Resources, Saffery Champness Chartered Accountants

This groundbreaking report reveals:

International case studies demonstrate best practice. These include:

Swiss Re New Markets • Bass Brewers • KI Pembroke • Millipore Corporation • Unilever plc • Whirlpool Europe • TRW Occupant Restraints de Chihuahua (Mexico) • Tullis Russell Group • Pink Elephant • Ericsson Inc. • Lands' End Direct Merchants