Reward Strategy & Pay Philosophy

Clearly defined reward principles aligned to your strategic goals

How it Works

Our mission is to help companies build trust through pay transparency. This means giving people context around how and why pay decisions are made.

The first step in this process, before we get into salary benchmarking or job architecture, is to develop your reward strategy and pay philosophy.

In the same way that our organisational values define our culture, our reward principles define our approach to pay and reward. And enable us to communicate this clearly to employees.

reward strategy - values pay philosophy

2 Hour Workshop

In a two-hour workshop with your leadership team, we’ll discuss where you are now and where you want to be when it comes to pay and reward.

We will cover:

reward principles

Based on feedback from the leadership team, we will draft your pay philosophy around your strategic aims and organisational values.

These will underpin the design of any future reward framework.

Communicating Your Reward Strategy

It is important to communicate any new changes and policies so that your employees feel part of the process. This can help develop trust and a sense of purpose that leads to more engaged colleagues.

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

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    Related Services

    Reward Risk Assessment

    Performance Management

    “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

    “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

    “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

    “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

    “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