Reward
Creating remuneration and benefits approaches which are aligned to current and future organisation needs and market conditions.
Creating remuneration and benefits approaches which are aligned to current and future organisation needs and market conditions.
Reward is about designing and implementing strategies that ensure workers are rewarded in line with the organisational context and culture, relative to the external market environment.
It requires specific knowledge in a range of specialist areas to be able to create and shape total reward packages. This may include:
Reward specialists will need a deep understanding different approaches to reward and benefits packages, and how to ensure that approaches are in line with relevant legislation, as well as the links to organisation and individual performance. You’ll also need to know practical elements such as how to benchmark salaries and determine pay based on external market factors such as scarce skills.
Each standard progresses through four levels of impact. Which level do you most embody in your day-to-day work?
Ensuring the relationship between an organisation and its people is managed through transparent practices and relevant law
Tackling barriers to work today whilst creating inclusive workplaces of tomorrow.
We offer a range of ways to stay connected, from events to networking, workshops and webinars.
Introduces performance-related pay and issues linking employee pay and performance
Outlines the purpose of pay structures and progression, including the common ways of structuring pay and determining, reviewing and controlling pay progression
Read our latest Labour Market Outlook report for analysis on employers’ recruitment, redundancy and pay intentions
Charles Cotton, the CIPD’s senior adviser on pay and reward, explores a recent survey of employers to understand why they pay or don’t pay the real Living Wage and how this connects to UK Government plans to improve jobs and pay
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