Rewards seemed to be a complex and technical area, but not anymore as more and more companies are now developing their own reward tool-kit which is an effective reward strategy specific to the business need. An effective reward strategy ensures that employees are rewarded for delivering organisation’s goals and strategies in the culture and environment in which it operates. Clear communications on what your organisation wants to reward and what employees need, forms an integral part of a successful implementation.
Talking in-depth about “Rewards strategy”, People Matters organized a tweetchat on The A - Z of Rewards Implementation which witnessed a potpourri of thoughts and ideas from an amalgamation of many venerable adepts from the HR world. Take a look at the tweets below to get an idea of the enriching session.
Q1. You have devised a ‘Super-Hero’s toolkit’ - How its implementation aligns with the culture?
Q2. How do you connect it with the organizations’ vision, mission and the BIGGER picture?
Q3. How does communication help in motivating your internal and external customers for a successful implementation of your reward strategy?
Q4. What are the ‘Dos’ and ‘Don’ts’ for implementing a total rewards strategy?
Q5. How can you future proof your rewards strategy with analytics?
The tweetchat ended with an invigorating discussion by all the speakers.