Executive Benchmarking in Practice: Our Experiences
A few years ago, 3R Strategy ran an employee survey for a client organisation. We asked people what their role was in the company and if they defined themselves as a manager or ...Read More
5 Reasons Why Leaders Should Be Having Pay Conversations
Effective communication is critical in leaving employees feeling informed, appreciated, and motivated. Studies reveal discomfort among managers when it comes to discussing pay, with 67% of participating organisations offering no training on how ...Read More
5 Tips for Implementing Effective Pay Communications
Implementing effective pay communications involves more than just telling employees when their annual pay increase is due. By explaining how and why pay decisions are made, we not only clarify our pay philosophy ...Read More
How Reward Training Can Elevate Your HR Career
For most of us, work is more than just a means to make money. We want to contribute, have an impact, make a difference. And on top of that, we want to feel valued. ...Read More
Considerations When Benchmarking Executive Salaries
It’s unlikely that benchmarking executive salaries in your organisation will follow the same process as the rest of your employee population. The responsibilities and scope of exec roles can vary massively. For this ...Read More
The Importance of Conducting Regular Pay Reviews
Ensuring your employees receive a fair salary for their contributions and skills is crucial not only for their satisfaction but also for the success and reputation of your business. One way to keep on ...Read More
The Impact of Parental Leave Policies on the Gender Pay Gap
The UK currently has the least generous paternity leave entitlement in Europe. The statutory offering is two weeks at £172 a week—just 44% of the national living wage. Research shows that improved paternity leave ...Read More
Improve Employee Retention With Fair and Equitable Pay Practices
Employee retention is a critical factor in the long-term success of any organisation. When companies can effectively retain their employees, they benefit from increased productivity, reduced turnover costs, and a more positive work ...Read More
Navigating the Pay Review Process
Every organisation must ensure its employees are paid fairly. Regular pay reviews not only aid in recruitment and retention but also ensure fair and consistent treatment of employees. Most organisations conduct these annually. ...Read More
Recognition for Remote Workers: Building a Virtual Team
In today's battle for talent, organisations are looking for new ways to attract and retain their top contributors while increasing productivity and overall success. Finding meaningful, effective and affordable ways of implementing recognition ...Read More
Tech Industry Salaries on The Rise: What Does This Mean for Organisations?
According to our 2023-24 Global Salary Planning Report, median salaries for IT roles have increased more than that 5%, with many mid-level roles increasing above 10%. The simple fact is: most organisations haven't ...Read More
Become a Pay & Reward Expert with Endless HR Resources
Staying up-to-date with the latest trends, legislation, and resources is crucial for professionals looking to excel in their careers. However, finding comprehensive and reliable HR resources can be challenging. The Pay and Reward Academy ...Read More