Reward Consultancy

Total Reward Strategy  Consulting Services

Reward Consultancy

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, pay bands, pay equity, pay progression, retention incentives, changing benefits and allowances like home-working, 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.

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

  • Inability to attract or retain the right talent

  • Concerns over pay equity and fairness

  • Contention around job sizes and benchmarking

  • Increasing payroll costs without an increase in productivity

  • Pay scales that are out of date and no longer fit for purpose

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

  • Outdated or no formal pay policy in the organisation

  • Pay philosophy that does not support the organisation’s objectives

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

How People. Performance. Reward. 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

  • Benefits advisory

  • Recognition and variable pay

  • International reward advisory (we have experience in a number of industries across the UK, EMEA, as well as Asia Pacific regions)

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. We work across the UK and EMEA.

Developing A Pay Policy

Reward Consultancy - Developing A Pay Policy

We pride ourselves on the highest levels of personal client service.

Some of our client testimonials can be found here: 

Get In Touch

We'd love to hear from you on your pay and benefits challenges. To discuss your situation and reward consultancy requirements further,

please get in touch