Discover how to apply the four principles of effective reward

In the current economic climate, it has become even more essential to know that reward budgets are being profitably spent to improve staff engagement, performance and support the achievement of business priorities.

This Masterclass provides you with an opportunity to learn about the latest thinking, evidence-based techniques and proven methods for implementing effective reward practices. You will find out how to apply the four principles of effective reward:

Setting strategic reward goals and success criteria

Conducting reward review: gather the evidence and assess current practices

Implementing changes and improvements

Measuring and reviewing progress

Find out how this four-phase process will enable you to design reward schemes that make a strategic difference and track the cause-and-effect links to fine-tune the impact of reward on performance.

“Less than a quarter use business data, fewer than a fifth conduct financial cost-benefit analyses of their reward changes and attempt to calculate the economic value added, and only 10% of companies can actually put a financial cost on their labour turnover.”