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CUSTOMISED REWARD SURVEYS

Customised reward surveys can be used for roles that you need to benchmark that may be specialised or rare, or unique to your industry. They can also be used to uncover a particular aspect of the remuneration package for a role. Our professional and rigorous approach ensures that data is collected in a confidential manner from organisations that have been identified as direct comparators for the position in interest. To find out more information on any of these surveys contact: Jarrod Moyle.

REWARD STRATEGY CONSULTING

This process involves matching your organisation’s overall values and strategy with its remuneration strategy and establishing remuneration policies.

How does your organisation’s vision, values and strategy influence the potential remuneration strategy?
Where does your organisation want to position itself in relation to the remuneration market?
Will a remuneration banding system help to simplify the remuneration strategy?
What benefits will be available to employees?

Will these benefits be optional and can they be cashed up?
Will your organisation offer performance based or at-risk pay?
How will the organisation communicate the remuneration strategy?

PRODUCTS AND SERVICES

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INCENTIVE PLAN DESIGN

Performance-related … variable … at-risk or incentive pay - these are all terms used when linking an individual’s remuneration to performance. While this is an invaluable tool, if not done properly it can cause more harm than good. At Sheffield we can assist with the design of your organisation’s incentive plan or review your current plan and provide recommendations for improvement. In addition, we also work together with our Organisation Development team to assist you in designing and implementing a performance management system - the necessary foundation for a successful performance pay plan. For more information contact: Jarrod Moyle.

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