Reward Policy and Practice

Post Meeting Notes: Fair Reward Policy – What does it mean and how is it changing?

  • March 29, 2021

If remuneration was a controversial issue before Covid, the turbulent aftermath of the pandemic and its long-lasting scars are already adding complexity to reward policy. The pandemic inevitably forced many companies to adopt a ‘wait and see’ approach to reward. Having delayed their triennial review in 2020, a focus on their remuneration policy has now become a matter of urgency.

Facing this new and unique set of challenges, it is an opportunity for a more wide-ranging rethink of reward – in the context of an increased level of scrutiny on reward decisions, especially for those companies that have benefitted from taxpayer support during the pandemic. A watchful media will be on the lookout for any signs of ‘excessive’ executive pay. This will require a careful balancing act around what constitutes fair reward.

To offer us some guidance and insights, we invited a diverse panel of speakers reflecting the various perspectives of: Business School Professor, Chief Executive of an independent think tank, RemCo Chair, Senior Independent Director, Group HRD, and leading Remuneration Consultant.

Login to access all PARC content or enter your details to access this exclusive resource

Join PARC today

  • Become part of our community of Senior Performance and Reward Leaders and their teams
  • Access facilitated connections and the opportunity for confidential, peer exchange and discussion
  • Attend an annual programme of in-person events, online events and peer exchanges relating to the operational context, organisational performance and reward
  • Gain network insight and timely perspectives via PARC’s member query service, Pulse Surveys, PARC research, and content from Partners and Associates
  • Offer team members access to our development programmes for future reward leaders
  • Receive invitations to off-programme, confidential, member-led discussion between our senior leader membership

Forgot your password?

Don’t have an account? Become a member and gain access to:

  • Research and resources for HR and Reward leaders
  • Regular online and in-person events on business and reward topics
  • Advisory support including member surveys, curated content and insights from experts
  • Brokered connections with HR and Reward leaders to share knowledge and good practice
  • Development programmes for future reward leaders