Reward Review

Reward Review from Essential Benchmarking & Reward Solutions

By: Essential Benchmarking & Reward Solutions  15/10/2010
Keywords: Management consultancy, Human Resources, human resource


The Reward Review menu consists of three stages from which you can select:

Stage 1: Benchmark

> We use our Salary-Check database and reward expertise to accurately assess your existing reward provision
> We will examine basic pay, typical bonuses, and benefit levels for your organisation’s size, location and sector. 
> You get a summary report that shows how the overall reward and the balance of the various components compare with the competition.

Stage 2: Review

> Do you seem to be losing staff to competitors? Let us examine your basic pay structure and your methods of pay progression to test their health. 
> Are you aware of your equal pay position? We can run an equal pay audit, highlighting risk areas and suggesting remedies.
> Do your bonus schemes still motivate staff in the way they were intended? We can review the structure and effectiveness of existing schemes.
> Can you be sure that you provide reward components that your staff want? We can conduct surveys and focus groups to check staff opinion for you. We can also arrange a comprehensive review of your benefits arrangements.

Stage 3: Implement

> Let us design a pay structure that gives you the required level of central control and managerial discretion over pay decisions.  This will enable you to target pay increases and reward performance. 
> We can support the development of performance management or competency systems that are designed to fit your organisation's culture and values.
> If required, we can apply our job evaluation system to ensure fairness in your systems.
> Let us construct a bonus scheme that is simple to administer and understand, and rewards the performance you want.
> We can put you in touch with benefits providers to advise on and arrange the most appropriate pension, health and flexible benefits products for your organisation.
> Finally, we can help to compile a reward strategy and the policies to underpin this. 


We would welcome the chance to talk about the pay issues you face and how we can help you make the best use of your reward budget. 

Keywords: benchmarking, Equal Pay Assessments, equal pay audits, hr consultants, human resource, human resource management, Human Resources, Incentive Schemes, Job Evaluation, Management consultancy, Reward Management, Reward Strategy, Salary Benchmarking,

Contact Essential Benchmarking & Reward Solutions


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