Pay & Reward

Pay & Reward

An effective Pay and Reward strategy finds the right balance between your overheads and staff needs. It is a complex process. A sound strategy will ensure that Pay and Reward is a motivating factor, attracts the best candidates and helps retains them. But it also keeps your costs in check and operates within the wider context: complex legislation and the NHS Agenda for Change pay framework, for example.

Karen Wise Consulting Ltd has wide experience in helping public and private sector organisations develop or fine tune their Pay and Reward policy. We will start by untangling the difference between the two terms: pay is the amount an employee earns, whilst reward is the total remuneration package, such as holidays, sick pay, company cars and bonuses. We will then work with you to develop the right strategy and processes.

We will:
•    ensure that Pay and Reward helps move your organisation forward
•    assess existing policies and analyse their impact on your organisation
•    help you compare your policies to the wider market
•    work with you to develop a new strategy on a case by case by basis.