Innovative reward as a strategical culture designer

Abstract

Purpose

The paper intends to share with the reader some ideas that position the management of compensations as a strategic factor for the organizational culture shaping.

Design/methodology/approach

The author shares some ideas and examples that demonstrate how we could understand reward management as a key aspect of HR strategy. Through practical examples, will show why it has a deep impact on the so-called soft areas of HR. A strategic compensation model is introduced for the promotion of culture of innovation and the creation of new businesses through the employees of the organization.

Findings

Reward systems are part of a fundamental strategy to modelize organizational culture through the installation of symbols that has direct impact on the employee value proposition. Thinking Outside the Box can be promoted within employees through reward systems, so they can create new businesses according to the nowadays VUCA context. We are living in a volatile, uncertain, complex and ambiguous world that forces us to open our minds and be prepared to change with agility the products and services that our companies offer. An HR professional can modelize the employee value proposition through intelligent rewarding systems

Originality/value

This paper presents innovative ideas to manage the human resources strategy through reward systems. This scheme represents a new paradigm of human resources management to lead the current business challenges through people.

Citation

Hepner, L. (2019), "Innovative reward as a strategical culture designer", Strategic HR Review, Vol. 18 No. 1, pp. 13-16. https://doi.org/10.1108/SHR-10-2018-0086