Overview - Module 1: Reward strategy and management

This module outlines the best practices required to implement a holistic approach to reward strategy and management in an organisation.

Remuneration and benefits have always formed the core of the overall reward system. However, organisations are increasingly discovering the value of implementing a more holistic approach to the arena of reward management.

Although remuneration and benefit programmes remain essential, the organisations that succeed the best in attracting and retaining employees take a total rewards approach. In addition to this, they ensure that employees develop an appreciation for the employee value proposition (EVP) created in this way. Organisations’ values underlie the EVP and each organisational value needs to be harmonised with the EVP.

The reward strategy should align with and support the EVP.

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