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66 Strategic reward > Analysis of reward strategy and practice - Pg. 684

684 Part 10 HrM toolkits Analysis of reward strategy and practice The analysis of current reward strategy and practice is the starting point. It can be conducted using the following tools: Exhibit 66.1 Exhibit 66.2 Exhibit 66.3 Analysis of reward strategy Analysis of current reward practices Reward attitude survey e X h I b I t 66.1 Analysis of reward strategy In full Mostly Partly Not at all The reward strategy: Is aligned to business strategy. Has clearly defined goals based on business objectives. Well-articulated guiding principles exist. Provides a framework for reward decisions. Is long term.