May 14th 2011
PARC Summary: Reward Strategy: Strategic Tool or Defence Mechanism – May 2011
Phil Wills (PARC) opened the meeting by explaining that the meeting's focus was to be on reward strategy: what we mean by it, where it comes from, why it is important, and the extent to which it mirrors and supports our business strategies. Through our diverse case studies we would explore the factors that have driven the development of reward strategy in thre companies. With the help of Nicki Demby we would summarise the learning from the case studies, look at how other companies frame their approaches to reward, and consider why reward strategy matters. There would also be table discussions of key aspects.
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