Pay and reward strategies should be supported by communication with employees so that they are aware of the behaviours and performances being rewarded, how they will be rewarded and why they are rewarded. Attract, retain, inspireĮmployers should find out what attracts, retains and inspires individuals within their industry or organisation and explore how they can meet the wants of their employees while operating within a legal framework. The most effective pay and reward packages are aligned with the needs of your business.

Pay and reward covers all benefits an employer offers its employees, including financial benefits such as wages, pensions, paid leave and sick pay and non-pay benefits such as appraisals, flexible working, opportunities for development and ongoing training.

In addition, an attractive and economically viable pay and reward system can have a positive impact on recruiting new staff, engaging employees and encouraging loyalty. There are certain legal requirements concerning pay which all employers must meet, including equal pay, the national living wage and the national minimum wage.

Pay and reward covers all benefits an employer offers its employees

Total security managment pay