Reward Consultancy

Work with Rewards Consulting to create a total reward strategy that fits your unique organisation

Reward Review 360

Are you happy with the employee reward package you are offering?
Are you maximising the value of your spend on compensation and benefits?
Is your reward strategy cost effective and aligned with your business objectives and culture?
Do you have the right reward policies in place?

Our comprehensive Reward Review 360 process can help you answer these questions. Identify any gaps and inconsistencies. Find out where improvements can be implemented and cost savings made.

What does a reward review 360 analysis involve?

After an initial meeting with you, we will review your existing reward strategy if you have one in place; any packages you offer; your reward policies and your practices.
Following our thorough assessment, we provide you with a report detailing our evaluation, including highlighting any risks or issues.
We take the time to explain and discuss our findings. We then make actionable recommendations and work out a roadmap with you.
Our recommendations can then be actioned by your in-house team. We will be on hand to offer ongoing advice and support to you while you are implementing the changes.

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Reward Strategy

Do you have a reward strategy in place?
Is your reward strategy aligned with your current organisational goals?
Does it reflect your organisational values and culture?
Is it providing value for money?

As businesses evolve, reward programmes often develop haphazardly, shaped by history or by what competitors are doing, rather than deliberate design. An effective total reward strategy that has been well developed and implemented can help organisations achieve their business objectives and make you become an employer of choice.

A reward strategy that is tailored to an organisation’s goals and based upon employee culture is more effective in helping you reach those goals. You will also develop a reward package that employees value.

What is a good reward strategy?

An effective reward strategy is comprehensive including strategy, principles and philosophy
A reward strategy sets out why and how an organisation will reward their employees
Being strategic means developing reward programmes tailored to suit your organisational goals and specific culture
A good reward strategy is unique to your business – there is no ‘one size fits’ all approach
Using our structured process, we work with you to develop your reward strategy and a roadmap to implement the programme effectively.

Compensation and Benefits Projects

Do you want help to implement a new total reward package?
Do you want to put a new share or LTIP plan in place?
Is it time to develop a new job architecture framework?
Do you need a committed, experienced professional to get a new compensation or benefits project completed?

We support organisations with their compensation and benefits projects. Our extensive experience means we can help our clients with a whole range of project types and briefs.

For compensation, we work with clients to develop and implement salary and incentive programmes tailored to their unique needs and objectives.

For benefits, we help clients develop, source and implement an effective programme that is aligned to their organisation’s culture and goals and the benefits programme becomes an integrated key component of their total reward strategy.

What types of reward-based projects can we help you with?

Projects could include:

Creating a competitive benefits package (including vendor selection) that aligns with your reward strategy and principles.
Putting in place a salary structure and pay bands.
Developing an effective job architecture and levelling approach.
Developing a new bonus plan or reviewing an existing plan.
Putting a new share plan or long-term incentive plan (LTIP) in place.
Creating communication materials for employees to improve their understanding of your total reward package.
Supporting organisations with compensation and benefits during mergers, acquisitions and integration.
Ongoing support to help with the implementation of your reward strategy.

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Comprehensive reward consultancy
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Explore our reward services.

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Job Architecture

Work with Rewards Consulting to ensure that you have an effective job architecture and job levelling in place.

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