Strategic Risk and Reward: Integrating reward systems and business strategies after the credit crisis
By Philip Whiteley
This timely strategic report investigates the role that current compensation practices played in bringing about the credit crunch and gauges the mood for change among the banks and their regulators.
Strategic Risk and Reward: Integrating reward systems and business strategies after the credit crisis draws on the views of leading experts in the field of compensation – as well as a survey of bankers commissioned for the report - to assess the positive and negative implication of a range of alternative reward systems, and to tackle major questions confronting the industry:
- Can the sector learn from other industries on linking reward and business strategy?
- Will it be possible to tackle the cultural attachment to the annual bonus cycle?
- Might there be short-term risks to performance, and recruitment for individual employers, if there is less reliance upon the annual bonus?
- How can business strategy, compensation policy, people management and corporate risk management be integrated?
- Does the industry have to move together, to prevent the first movers from suffering a brain-drain as more attractive short-term bonuses continue to be offered by rivals?
Strategic Risk and Reward: Integrating reward systems and business strategies after the credit crisis should be essential reading for anyone with a stake in the sustainable profitability of the financial sector.
Published September 2008, this report is priced at just £95/US$193.
To order a copy now click here or alternatively please email john.woodward@thomsonreuters.com or telephone him on +44 (0) 207 369 7317.
For more information see the full contents list or download a brochure.
