Evidence-Based Reward Management

6Reviewing reward

Introduction

The components of evidence-based reward management that generate the information required to assess reward effectiveness and take whatever actions are required to improve it are reviewing, measuring and evaluating as defined below.

• Reward reviews identify and assess what is being done about reward; internally in the shape of reward policies and practices and externally by reference to evidence on reward and wider trends and developments.

• Reward measurement records, analyses and interprets information and data as a basis for evaluation and action.

• Reward evaluation uses information obtained from reward reviews and reward measurements to assess how effective reward policies and practices have been in achieving their ...