{"id":742,"date":"2020-06-27T17:53:17","date_gmt":"2020-06-27T13:53:17","guid":{"rendered":"https:\/\/almassardeclan.com\/?page_id=742"},"modified":"2020-06-29T21:04:46","modified_gmt":"2020-06-29T17:04:46","slug":"reward-strategy-and-principles","status":"publish","type":"page","link":"https:\/\/almassardeclan.com\/fr\/reward-strategy-and-principles\/","title":{"rendered":"Reward Strategy and Principles"},"content":{"rendered":"\t\t
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What We Do<\/div>
Al Massar Declan LLC provides a number of services tailored to optimize your human capital<\/div><\/div><\/div><\/div>
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Human Capital Audits<\/div>Read more<\/a><\/div><\/div><\/div>
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Reward Strategy and Principles (\"Reward Philosophy\")<\/div>Learn more<\/a><\/div><\/div><\/div>
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Human Capital Risk Assessments (HCRA) \/ Succession Planning<\/div>Explore here<\/a><\/div><\/div><\/div>
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Executive Performance Management Processes (EPMP)<\/div>Find out here<\/a><\/div><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t
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Reward Strategy & Principles
(\u201cReward Philosophy\u201d)<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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What are \u201cReward Principles\u201d?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Reward principles are broad statements which define how a company should pay its employees and how to reward them for on-target or above-target performance. They define what a company pays its employees and why. These broad statements (often referred to as a \u201creward philosophy\u201d) enable companies to take a strategic, fair, consistent and cost-effective approach to the three categories of reward:<\/p>

  1. Fixed Pay (e.g. salaries, allowances, medical insurance, pensions etc.)<\/li>
  2. Variable Pay (e.g. bonuses, commissions etc.)<\/li>
  3. Long-term incentive plans (e.g. stock option plans)<\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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    The value of reward principles <\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    A company with a strategic approach to reward and defined overarching reward principles is enable to improve its cost-to-income ratio (e.g. by focusing on variable pay), to mitigate human capital risks (e.g. by attracting and retaining talent), to balance decisions between fixed pay and variable pay, and to ensure, simplicity, consistency and fairness throughout the company by minimizing time-consuming \u201cexceptions\u201d and other workarounds.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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    Our Deliverable to You<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    The deliverable is a set of principles (usually 10 maximum) and a supporting \u201ccommentary\u201d containing a precise definition of all technical terms and a detailed explanation of the reward principles. Typically, both the reward principles and the commentary are approved by the Board Compensation Committee. Our service includes briefing members of the Committee prior to meetings, presenting to the Committee and actioning any resolutions or follow up points, as required by our clients.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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    \u00a0Example of a reward principle:<\/b><\/p>

    • \u201cThe more senior an employee is in a company then the greater the percentage of his\/her total annual reward is linked to his\/her individual performance as measured by quantifiable data\u201d.<\/em><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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      Our Credentials and Our Approach<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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      We have designed reward principles for banks in 23 countries and have extensive experience in working within different legal jurisdictions.<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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      Typically, our clients have three objectives.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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      • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tTo address head-on any major concerns linked to reward <\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t
      • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tTo secure agreement among the members of the executive team for a company-wide approach to reward<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t
      • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tTo secure the approval of the board of directors for (1) a strategic approach to reward and (2) a delegation of authority enabling the executive team to make decisions regarding fixed pay, variable pay and long-term incentive plans. <\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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        We take a risk-based and highly rigorous approach when fact-finding and a very collaborative approach when making recommending reward principles. We are highly sensitive to the constraints of the corporate cultures of our clients and do not believe in \u201cone size fits all\u201d solutions. We can work in a number of languages. We have in-depth experience in presenting to boards of directors and coaching board members. <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

        What We DoAl Massar Declan LLC provides a number of services tailored to optimize your human capitalHuman Capital AuditsRead moreReward Strategy and Principles (“Reward Philosophy”)Learn moreHuman Capital Risk Assessments (HCRA) \/ Succession PlanningExplore hereExecutive Performance Management Processes (EPMP)Find out here Previous Next Reward Strategy & Principles (\u201cReward Philosophy\u201d) What are \u201cReward Principles\u201d? Reward principles are […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"ocean_post_layout":"full-width","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"0","ocean_second_sidebar":"0","ocean_disable_margins":"on","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"off","ocean_display_header":"on","ocean_header_style":"","ocean_center_header_left_menu":"0","ocean_custom_header_template":"0","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"0","ocean_menu_typo_font_family":"Roboto","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":null,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"capitalize","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":null,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"on","ocean_disable_heading":"enable","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"on","ocean_display_footer_bottom":"on","ocean_custom_footer_template":"0","footnotes":""},"class_list":["post-742","page","type-page","status-publish","hentry","entry"],"yoast_head":"\nReward Strategy and Principles | Al Massar Declan<\/title>\n<meta name=\"description\" content=\"Reward principles are broad statements which define how a company should pay its employees and how to reward them for on-target or above-target performance.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/almassardeclan.com\/fr\/reward-strategy-and-principles\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reward Strategy and Principles | Al Massar Declan\" \/>\n<meta property=\"og:description\" content=\"Reward principles are broad statements which define how a company should pay its employees and how to reward them for on-target or above-target performance.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/almassardeclan.com\/fr\/reward-strategy-and-principles\/\" \/>\n<meta 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