White paper: Rewards after the pandemic
Dr Duncan Brown and his rewards after the pandemic group have published their Charter for reviewing and renewing reward strategies.
The group believes that a stronger emphasis on fair, collective and compassionate reward policies and practices in future would be a justiﬁed and highly beneﬁcial outcome from the horror of COVID-19. They see great value in employers and HR leaders undertaking a strategic, systematic review of their employment and reward practices, and have developed a framework to encourage and support this review process.
The Charter encourages employers to identify underpinning principles for reward practices and provides key questions to ask – and actions employers might take – to progress, including:
- How fair are our current reward policies; how do we better deliver fairness in the future?
- How well do we reward and recognise the contribution of staﬀ at all levels and in all roles?
- How well do we support the security, health and wellbeing of our workforce?
- How well do our rewards reinforce the goals and values of the organisation?
- How competitive are our pay policies, how well do they support recruitment and retention?
- How well do we motivate and engage all of our diﬀerent and diverse employees?
Dr Duncan Brown
Independent Reward Adviser and Researcher