A reward strategy incorporates your business and people objectives, work culture and organisational values into how you reward your employees. We work with your leadership and HR teams to ask questions, challenge existing views and provoke a debate to help articulate the type of organisation you aspire to be and the reward strategy needed to support this.
We will look at questions such as:
- Which organisations do you consider to be your competitors? Which organisations / sectors do you tend to recruit your people from and where do they tend to go when they leave?
- Is your focus mainly on delivering results? Or are you more concerned with how people interact with their colleagues and customers?
- Do you want to pay for performance or other measures such as commitment and behaviours?
We’ll then produce a full audit report with a summary of where you are currently as an organisation, as well as the future aspiration and the reward strategy and structure you need to fulfil your goals .