[3] Rewards Consulting – Employee Incentives, Compensation, Benefits & Rewards

Welcome to Rewards Consulting

Helping organisations maximise the value of everything they spend on reward.

Rewards Consulting is a management consultancy specialising in employee reward, recognition, engagement and motivation, based in Surrey but working with clients across the UK. We advise organisations on how to make their employee reward strategy more effective. We work across all areas of reward management:

Please This email address is being protected from spambots. You need JavaScript enabled to view it. if you would like to discuss how exactly we might be able to help your organisation with your reward strategy. Whether it’s helping you design a pay structure, bonus plan or improve employee engagement through recognition strategies, we can help.

Rewards Consulting was founded by Michael Rose, MA, CCIPD, ACII, Vice President Reward for the CIPD for and author of A Guide to Non-Cash Reward, and Reward Management, both published by Kogan Page. Michael Rose is also an accomplished conference speaker. Michael is now an Associate Consultant with Rewards Consulting.

  • Pay structures

    The foundation of compensation management is to get your base pay levels, pay structures and review process right.

  • Bonus and incentives

    A bonus can be an important part of compensation. But a misaligned bonus plan can be worse than useless. Bonuses do not manage for you and the context within which they are being asked to operate is critical. As compensation consultants we will help you review or design bonus plans that are fit for purpose that align with your organisation’s aims.

  • Reward strategy

    There are many ways to define Reward strategy (or Compensation and Benefits strategy). A simple one is, ‘An approach to reward based on a set of coherent principles in support of the organisation’s aims.' It needs to tie in with the broader HR strategy to help align reward management as part of an holistic approach. We often start by working with a client to develop a simple set of reward design principles.

  • Non-cash reward

    You can get huge value by considering non-cash instead of cash bonuses and by developing some simple recognition programmes. Michael Rose has undertaken extensive research in this area and has written two books on the subject. The latest is, A Guide to Non-cash Reward.

  • Recognition

    You can get huge value by considering some simple recognition programmes instead of cash bonuses. Michael Rose has undertaken extensive research in this area and has written two books on the subject. A Guide to Non-cash Reward and the latest, Reward Management.

  • Total reward and communications

    Companies often manage different elements of reward separately. This means that employees will often miss some of the value which may not be so obvious. It is critical to maximise the value of everything you spend on reward (or Compensation and Benefits). One way is to take a ‘Total Reward’ stance. We can work with you to make this happen. Effectively communicating and implementing a new reward programme can be more important than the technical design. But often this is not recognised.

  • Performance management

    Performance Management is not about pay. It is an integrated approach to improve the performance of the organisation through the effective management of its people. If you emphasise pay as the driver you can too easily end up with the tail wagging the dog! A particular danger is over-reliance on so called 'SMART' objectives that can just constrain people.

  • Compensation and benefits

    Compensation is made up of salary and variable pay. It is, generally understood in terms of what compensation (salary and bonus) employees actually receive.

    However benefits are the least understood element of reward. But benefit programmes can say a lot about what is important to an organisation, often more so than compensation. They can get in the way or deliver great value.

  • Reward Management by Michael Rose

    Reward Management 2nd edThird edition out 3rd May from Kogan Page…
    Equip yourself with the knowledge and skills to plan, implement and assess an effective reward strategy with this essential guide from the HR Fundamentals series. Buy with 20% discount and free postage within the UK using 'AHRRM20'.

    Published by Kogan Page, 3rd May 2022  
    Edition: 3
    PubPublished price: £19.99 (paperback), £60.00 (hardback) 
    Paperback, 280 pages, dimensions 234 x 156 mm
    Part of the HR Fundamentals Series
    Imprint: CIPD – Kogan Page
    EAN:  9781398605299

  • A Guide to Non-Cash Reward by Michael Rose

    Guide-to-Non-Cash-Reward-paperbackA Guide to Non-Cash Reward shows managers how to get the most from their employees through motivating them in order to maximise the success of the business. Buy with 20% discount and free postage within the UK using 'AHRRM20' (delivery two to three weeks).

    Published by Kogan Page, February 2011 
    Published price: £14.99 
    Paperback, 208 pages, dimensions 216 x 135 mm
    Part of the Successful Business Series
    ISBN: 9780749460969 
    Customer reviews on Amazon.A Guide to Non-Cash Reward Revies

Employee Benefits Award 2009