Maximise the value from reward by translating your business and people objectives into a clear reward strategy with implementation priorities.
A reward strategy translates business and people objectives, culture and values, into how you will reward employees. It answers questions such as the intended pay stance vs the market, internal consistency vs external market rates, local vs global frameworks, and individual vs team reward. A clearly established reward strategy provides direction for future reward activities and key communication messages.
We work with you to find the right reward strategy for your business. We provide the external input and challenge, and the (often strong) facilitation required with the senior team. This ensures that the implications of the decisions taken are fully explored, and there is agreement and buy-in to the strategy.
Recent client projects:
- Supported a Magic Circle law firm to review their reward strategy
- Partnered with the HRD of an aviation client with 10,000 employees to re-fresh the reward strategy for the future
- Provided strategic pay advice for a large leisure client to prepare for expansion into Ireland
- Worked with an FMCG client, and a progressive FE college, to introduce tailored reward strategies for the first time
Please call us or submit the contact form opposite to discuss further.
Sam was always a pleasure to work with and she has a wealth of expertise to draw on which she used skilfully to guide us through some significant step-changes in our reward strategies.
We engaged Verditer to provide strategic reward support. With Sam and Julia you receive a bespoke service and don’t feel part of a bigger machine or standard solution. They took the time to really get to know us and understand our issues and culture. Their consultation process with senior stakeholders enabled individual perspectives to be fully explored. This led to engagement in, and agreement to, the final recommendations. Overall, a really useful exercise.