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How to develop a reward strategy

A practical guide to developing a reward strategy that aligns pay, benefits and reward practices with business objectives and supports positive organisational outcomes.

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By Tony Hatton-Gore

Consider how the reward strategy will use policies, practices and processes to support the business strategy.

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  • What is a reward strategy?
  • The purpose of the reward strategy
  • Total reward
    • Deciding if total reward is feasible
  • Global reward strategy
  • Developing the reward strategy
  • Using reward to achieve business objectives
  • Key stakeholders
  • Ensuring the reward strategy drives positive business outcomes
  • Formulating and implementing the strategy
  • Planning implementation
  • Communication plan
  • Ongoing review

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Reviewed and updated to focus on practical guidance for HR, including using total reward.

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About the author

Tony Hatton-Gore

Tony Hatton-Gore is a reward and HR practitioner. He has completed interim and consultancy assignments for clients in the private, public and third sectors with his consultancy Rewardhr Ltd. His achievements are in making organisations work better by aligning reward, human resources, performance management, international mobility and systems strategies with overall business strategy. He regularly speaks at conferences and writes on reward issues.

He has been reward director at two global professional services firms (Arup and Atkins) and carried out senior reward, human resources and technology roles in the financial sector (Schroder Salomon Smith Barney/Citibank, London Stock Exchange, Kleinwort Benson).

He is a Fellow of the Chartered Institute of Personnel & Development.

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