There was a time when reputational risk at corporate level wasn’t something Reward professionals needed to lose much sleep over. However, now it is very much on the Reward professional’s agenda. PARC has adopted the term ‘Reward Manifesto‘ to define those topics on which an organisation is most exposed to reputational risk. These are the critical areas where a company needs to develop a considered position – in each case outlining where it stands and, as appropriate what it will and will not tolerate.
Within the Manifesto we encompass:
- The changing context for reward policy during the coming decade including the social, economic and political factors that will have an impact on an organisation’s strategic approach to reward.
- A checklist of topics that your organisation’s Reward Manifesto might need to cover.
- A set of questions that you may need to address in response to the topics suggested as critical for consideration.
The Manifesto has been developed with the help of expert advice from a wide range of those engaged in all aspects of Reward Strategy.
This Reward Manifesto will be the subject of discussion at PARC’s event of the same name, where we will discuss the specific reward related topics on which we believe Boards must now develop a sharp sensitivity in order to form decisions that are within the boundaries of stakeholder acceptability.
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