Updated 19 May 2016Print this page

Once an organisation has determined a remuneration strategy and objectives based on its business strategy - what it wants to reward, it is then in a position to develop an aligned remuneration management system. This entails deciding how to reward. How to reward involves making many decisions about:

  • process and governance
  • remuneration mix (fixed and/or variable components)
  • sourcing and applying relevant remuneration data and review cycles

The decisions made need to be formalised in a policy and procedure to ensure the remuneration management system is communicated to all stakeholders and applied consistently.

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