Management grading provides a hierarchy for your organisation, allowing a structure to be created and generating greater transparency for your employees. A robust grading scheme allows equitable allocation of pay and benefits, reflecting the worth of each role to your business and helping you to be externally competitive. We can help you develop and implement a grading system to ensure internal equity, external competitiveness, and a tool for succession planning.
A salary structure allows your business to manage payroll costs and ensure your employees are paid equitably and in line with market rates. In combination with a management grading scheme, it will help you to retain your best employees and attract quality candidates. Through grading or job levelling, we can help you develop a salary structure ensuring your employees are rewarded fairly and equitably.
The key to a successful bonus arrangement is to ensure it supports and delivers business improvement and profitability. It will provide employee reward and recognition and drive improved performance throughout your business. Bonus schemes should be self-financing and not a net cost to your business and individuals should be rewarded relative to their performance. We can help you devise and implement a suitable bonus plan for your organisation.
Sales incentive plans are not simply a tick in a box and a way of further rewarding your sales staff. They should be geared towards increased profitability and making a positive impact on your sales profile. We can support you by devising commission plans that incentivise improved profitability and drive individual performance. Plans can be tailored for new business and account management activity.
Company cars remain a valuable benefit with around 850,000 drivers in the UK. The alternative is the car allowance, bringing its own challenges associated with the management of the so called “grey fleet”. We will work with you to maximise the efficiency of your car benefit provision and can assist with policy design, fleet procurement and duty of care arrangements. We work with other professional advisers to cover all aspects of managing company car benefits.
Non-cash employee benefits form an enhancement to the more obvious cash derived benefits. We can support you to identify the most appropriate benefits for you, including healthcare, wellness, Pension and affinity schemes. We have an extensive knowledge of providers and will support you in enhancing your employment package, adding value at little or no cost to you.
Your reward strategy should be designed with wider business objectives in mind. Ensuring that employees are rewarded equitably will improve retention of your existing team and make you more attractive to potential recruits. We can support you by devise a suitable reward strategy for your business, taking into consideration, affordability, the external job market and a suitable communication plan.
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