How it Works
The first step in the process is to understand what questions you wish to answer with market data.
We are in an ideal position to support you with understanding how salaries and other cash compensation elements compare to the market – and what to do with this information.
Data points to hand
Many years of combined experience
Our team have worked with and developed salary surveys conducted assessments of pay competitiveness, and advised on the results of these analyses.
We don’t use job titles but go through a job evaluation process to benchmark your jobs with roles that have similar level of skills, knowledge and accountability in the external market.
Salary Benchmarking – An Ongoing Process
This process should be ongoing practice, rather than a one-off event. We can help you set up your process and offer training to manage the process in future. Alternatively, we can continue to support you each year with survey submissions, job matching, and analysis.
This will give you the information you need to have a pay structure that is fit for purpose and make informed decisions that support equity in fairness in pay.
Related Services
“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.”
“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.”
“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.”
“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.”
“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.”
“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.”
“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.”
“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.”
