Pay frameworks, salary drift, and total reward fundamentals
FREE03 – People Professionals and Finance
This CIPD Level 0 video from the FREE03 – People Professionals and Finance unit explores the fundamentals of pay frameworks, salary drift, and total reward within the context of assessment criteria AC 2.3. The session examines how reward decisions must align with organisational affordability and strategic objectives, covering essential topics including market benchmarking, pay review modelling, bonus affordability, equal pay considerations, and the trade-offs between base pay, benefits, and development investment. By watching this video, you'll develop a comprehensive understanding of how to structure competitive reward packages whilst managing costs and mitigating compliance risks in your organisation.
Assessment Criteria 2.3
Explain how reward decisions link to organisational affordability and strategy.
Indicative Content
To include: pay frameworks; salary drift; total reward; market benchmarking; pay review modelling; bonus affordability; equal pay risk; compression; trade-offs between base pay, benefits and development investment.
What You'll Learn
Video covering: Pay frameworks, salary drift, and total reward fundamentals
About FREE03 – People Professionals and Finance
To develop learners’ understanding of essential finance concepts in business and how people professionals use financial insight to support workforce decisions, budgets and organisational performance.
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