MadAboutHR can support businesses with developing and implementing any of the following:
- Bonus schemes
- Executive remuneration
- Flexible benefits
- Grade and pay structures
- Job analysis and evaluation
- Pension schemes
- Market analysis & benchmarking
- Measuring and evaluate reward
- Non-financial rewards
- Pay reviews
- Payroll services (outsource some or full payroll or setting up in-house systems)
- Performance-related reward
- Recognition schemes
- Reviewing reward and benefits
- Reward strategy
- Team pay
- Total rewards
“Pay and benefits are very important as this will attract the right candidates to apply for a job and keep existing workers happy and motivated. If you set the pay too low you may struggle to recruit, set it too high and you risk paying over the odds for someone who is not worth the investment! I find that the most successful method for setting salary is benchmarking, both internally and externally. I would also make sure that your systems cannot be deemed discriminatory in any way. One client has seen a 17.27% increase in profits since introducing a performance related pay scheme and moral has been boosted beyond recognition.”
Fliss Sykes, HR Business Partner