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Pay & Reward - Audit & Design Reward is the main reason why people work. The reward people receive from an employer has an impact on the recruitment and retention of talented people. Reward management covers both the strategy and the practice of pay systems. Traditionally, the Human Resources function is concerned with levels and schemes of payment whereas the Finance function is concerned with the process of paying employees. While many employers find value in a more structured approach to linking jobs with reward e.g. job evaluation, other business prefer a more 'laissez-faire' approach and like paying employees on a more discretionary basis e.g. merit , market conditions or performance based. We help clients understand the factors for and against different types of rewards for different groups or individuals within the organisation. As an independent organisation we can look at the pay and reward structure without having any personal preferences. Our expertise includes assistance with:
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