Benefits Benchmarking

Attract and retain the best people with competitive employee benefits

A big part of the success of a well-thought-out benefits strategy is to ensure it delivers value in the eyes of employees.

That perception of value is shaped both by how you communicate your offering and how your benefits package compares to others in the market.

With experience designing and delivering benefits programmes both in-house and in consulting projects, we deliver reliable assessments of how your perks compare to market, and insights to inform impactful changes.

benefits benchmarking - vision and values

How Benefits Benchmarking Works

The first step in the process is to pick reliable, industry-appropriate data sources.

Data from free sources often only look at the bare bones of what an organisation offers its employees, while formal surveys undergo rigorous analysis and review.

After this, it is important to decide where you want to be positioned in relation to the external market.

We then make comparative assessments looking both at prevalence (how common it is for organisations to provide different types of benefits) and practice (what do typical levels of provision look like e.g. days of annual leave). 

Supporting Stakeholder Discussions

We present the findings from these benefits benchmarking assessments in a visually compelling way to support internal discussions with different stakeholder groups.

We also advise on the implications of the benchmarking results for your benefits strategy and your overall reward and people plans.

Reward Communication

Being clear and open about the purpose and approach to benefits benchmarking goes a long way towards people having a proper understanding of the results and their implications for decisions.

We offer different reward communications packages to suit your needs and help communicate your policies and processes clearly and honestly to employees.

    Get in touch

    First Name *

    Last Name *

    Email *

    Organisation *

    Job Title *

    Message *

    Sign up to our monthly Pay & Reward Insights

    Related Services

    Equal Pay Audit

    Pay Gap Reporting

    “3R Strategy balances a calm, easygoing manner with the deep technical knowledge needed to design and deliver solutions that consistently meet the needs of our business. They have built relationships at all levels within the organisation and have a proven ability to influence others in a quiet but highly effective way.”

    Lorna Benton, Group Reward Director, RSA

    “3R Strategy continues to provide technical and pragmatic reward advice to Vitality. They have provided exceptional support in evaluating our business challenges and designing a project plan to meet our evolving needs.”

    Luke McClaran, Head of HR, Vitality

    “We welcomed the approach articulated of being an extension of our HR & Organisational Development team and this reassured us that they would integrate themselves into the business and deliver recommendations tailored to our organisation.”

    Louise Frayne, Director of People, RCPCH

    “It was a no brainer that we would work with 3R Strategy to support the roll out of a clear reward strategy. From our initial consultation call it was clear we wouldn’t need to squeeze into a set structure but the complexities of our business would be very much taken into account, to create something bespoke for the IOE&IT.”

    Amy Finck, Head of People Services, Institute of Export & International Trade

    “Their team demonstrated exceptional competence, deep industry knowledge, and a genuine commitment to our organisation’s success. They seamlessly integrated their expertise with our existing practices, ensuring the entire project was smooth and efficient. The project has provided our employees with clear pathways for growth and advancement and allowed us to be as transparent as possible.”

    John Athanasiou, Director of People, HarperCollins UK

    “3R Strategy has been helpful, diligent and professional. The biggest benefit to working with the team is that we now have one clear reward strategy in place. Having that clarity and visibility throughout the organisation will help us maintain great relationships with our employees.”

    Oli Gant, HR Director, Arriva Rail London

    “3R provided a clear framework against which trustees and senior management at Local Trust could benchmark their approach to pay and reward, develop clear principles to underpin future plans, and communicate them effectively and transparently to both existing staff and potential new recruits.”

    Matt Leach, CEO, Local Trust

    “I enjoy working with 3R Strategy as the team has such a breadth of experience across Reward. I think there is real benefit in the fact many of them have gained this experience in-house, in major global reward consultancies and now in a specialist boutique reward and recognition practice.”

    Tariq Ahmed, HR Director, London Business School