Centre for Excellence in Strategic Rewards
Why this Centre for Excellence in Strategic Rewards?
The Centre for Excellence in Strategic Rewards is a unique knowledge platform conducting practice-oriented research on the topic of strategic reward management. It is also an important network in which the participating firms share experiences, ideas, etc.
It is the centre’s goal to support its members in developing the strategic dimension of their reward management and becoming high-performing organisations. Important business drivers and employee expectations are taken into the equation to develop more effective remuneration policies and practices. This should enable firms to develop reward policies and systems that are aligned with their external and internal business contexts.
The Centre for Excellence in Strategic Rewards is the continuation and broadening of the Research Roundtable 'Employee Benefits' which was founded in 1996. This roundtable learned that compensation and benefits policies play a central role in strategy implementation. In answer to this, the Research Roundtable broadened its scoop and became the Strategic Rewards Research Centre in 2000. In 2009, the Strategic Rewards Research Centre was upgraded and received the label of Centre for Excellence in Strategic Rewards. This ‘Centre for Excellence’ quality label implies that the centre has to meet high-level performance criteria regarding research output, customer satisfaction and financials.
Objectives of the Centre for Excellence in Strategic Rewards
Through over 15 years of research, the Centre for Excellence in Strategic Rewards has acquired expertise in different areas of strategic reward management. We seek to use this expertise to serve our partners’ professional and educational interests. We also have an ongoing interest in trends and evolutions in order to help our partners and members to build the reward policies of the future. Our unique approach of developing practice-oriented knowledge based on academic theories and evidence makes us the preferred partner for our participants. We use this expertise to offer our partners:
- Access to and participation in knowledge and research (i.e., knowledge creation)
- Knowledge transfer through workshops, focus groups, newsletters, etc.
- Business platform for exchanging experiences
Expertise within and Focus of the Centre for Excellence in Strategic Rewards
The Centre for Excellence in Strategic Rewards has a specific interest in the following themes: translating the business context (i.e., institutional context, firm strategy, culture) into reward systems; reward strategies; performance-related pay and bonus schemes; rewards communication; non-financial rewards; international rewarding; flexible rewards; work-life policies; employee benefits; employee preferences.
Moreover, the centre has a specific interest in end-of-career issues as well as the role of rewarding in motivating different generations at work. We approach these themes from the framework of the Vlerick’s Strategic Reward Model, represented in the figure below.
Partners & Members
Prime foundation Partners
- AB Inbev
- AGC Glass Europe
- AG Insurance
- Allnex Belgium
- Atos Worldline Belgium
- BNP Paribas Fortis
- Claeys & Engels
- GSK Biologicals
- Janssen Pharmaceutica/
Johnson & Johnson
- Nationale Bank van België
- Randstad Belgium
- Tessenderlo Group
- Toyota Motor Group
- Vanbreda Risk & Benefits