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We work with organisation to develop
a clear description and brand for the future reward
strategy – what it aims to do and how it
intends to do it. Outcomes for clients usually
comprise:
Alignment
An evaluation of the current situation –
strengths, weaknesses and where rewards are not
aligned with what the business and employees need.
Best-in-class reward practices
An illustration of some of the improvements made
by “Employers of Choice” and key competitors.
Employee value proposition
A definition of the employment relationship between
the organisation and employees.
Reward strategy
Clear strategy in each area of reward. The strategy
clarifies the purpose and benefits of each reward
practice, highlights any risks of change and proposes
how to overcome.
Branding and Communication
Recommendations to ensure that employees receive
and understand the right messages. Lack of mutual
understanding and trust is the main reason for
the failure of many reward strategies.
Reward change plan
A detailed reward change plan which sets out the
required activities, resources, responsibilities
and timetable. |