purpose and critical requirements of each component of Total Rewards.
the actions an organisation intends to take in the long term to develop and execute reward policies, procedures and practices, which will enable this to achieve its business goals and those of its stakeholders.
The point for us is pretty obvious. We need to have a sense of direction to enable us to develop reward strategies that are relevant, meaningful and will help the organisation. A sense of direction also helps us filter the opportunities that we come across which are likely to support or hinder our progress.