Reward Consulting Services.

As the world of work changes, so to must your organisation’s total reward strategy. Competition for scarce talent, along with the imperative to both engage and retain your existing talent, has put the reward agenda firmly back on the front foot across just about all industries and organisations. Questions around pay and pay increase levels, job architecture and pay bands, pay equity, pay progression, retention incentives, and changing employee benefits and allowances, and incentives mean that a number of organisations are looking again critically at all of they key elements in their reward philosophy and total reward strategy.

Reward Consultancy

Our reward consultancy provides businesses with tailored and problem specific solutions to drive performance, and engage and retain talent across the organisation. We work collaboratively with our clients to ensure that our total reward solutions deliver real value and are right for you.

We also assist our clients in implementing and adopting anything that we advise on or recommend. This insures that our recommendations are practical and attainable under real world operating conditions.

Challenges Organisations Face

In our experience, problems with Reward Strategy typically manifest in one, or more than one, of the following symptoms:

Low levels of engagement and higher than normal staff churn

Pay scales that are out of date and no longer fit for purpose

Inability to attract or retain the right talent

Benefits not aligned with the new way of working and changes in the way people want to work

Concerns over pay equity and fairness

Outdated or no formal pay policy in the organisation

Contention around job sizes and benchmarking

Pay philosophy that does not support the organisation’s objectives

Increasing payroll costs without an increase in productivity

Uncertainty on how to structure variable pay to align with the rest of the reward agenda and business objectives

How We Can Help You

Our reward consultancy works closely with your people leadership team and other stakeholders to review any or all of the components of your reward or pay strategy. If you don’t have one, we will work with you to define and develop one. We have expertise and experience in all of the following:

Total Reward Strategy
Pay philosophy and policy development
Market positioning
Job evaluation and benchmarking
Pay-scale development
Pay progression policy
Employee Benefits advisory
Recognition and variable pay
EU Pay Transparency Directive readiness and support
International reward advisory (Our experience incorporates the UK market as well Ireland and Europe, the US, APAC and Africa and as such we provide a convenient London-based consulting partner to clients with operations and people across more than just one country).

Our reward consultancy works with organisations across the business spectrum, from large listed companies to smaller private companies, and from both the public and private sectors.

Examples of Our Recent
Reward Consulting Projects

Complete reward strategy review for a technology and life sciences business, including a review of levels of fixed pay, benefits, bonus and long-term incentives

Global job architecture and pay scales development for a large SaaS supplier to the medical industry across more than eight countries

Reward strategy, job architecture and pay scales development for a global food and food ingredients company across the UK, Europe, US and Asia

Comprehensive reward review for a UK based charity

Job evaluation and pay scale design for a technology business

Benchmarking and reward advisory for a global industrial and manufacturing client across eight different countries

Salary and benefits benchmarking for a service provider in the healthcare sector

Gender Pay gap analysis and reporting for an Irish Financial Services organisation

Reward review, pay benchmarking, pay scales, balanced scorecard, bonus plan design, pay policy development, and assistance with implementation of reward initiatives for a professional services organisation operating nationally across the UK

Project management of a comprehensive benefits review, including the selection of new benefits technology partner and review of individual benefits and levels themselves, for a FTSE listed retailer to better align their benefits with changing market practice, their organisational values and wider DEI considerations