Getting reward right can inspire your people to perform better, meaning you’ll see better results. You’ll also find it easier to attract and keep the right people at the right costs for your business. No matter what you’re looking to achieve, we’ll help you with every step.
Improving employee engagement, retention and satisfaction
Getting the right reward strategy isn’t just about paying as well as the competition. We’ll help you make sure that you’ve got the right people, in the right roles, being paid the right amount for doing the right things and with rewards they value, at a cost you can afford.
No matter the size of your company (or budget), we can help you to evaluate your jobs, so you understand what they’re worth and stay ahead of the competition with products, services and solutions designed to fit you. Then we can use our total reward framework to develop a reward strategy that’s right for your organization. So you can take advantage of our 70 years of experience and knowledge to push you to the next level.
This means that you can get the best results from reward packages. This can include paying for performance with variable pay by tailoring reward to motivate people based on what they want, getting the right balance between pay, incentives and benefits as part of their total remuneration package, taking cultural differences around the world into account with international reward, and putting together executive reward packages that’ll attract star performers to help your company soar.
Anthony McNulty, Head of reward
“Hay Group challenge us and help us ask the right questions. They’re courageous, but sensitive and respectful of our organisation and our brand”
Know your worth
While we believe that reward must meet the needs of your business and your employees,, it’s also important to know how you’re paying compared with the competition. Our world-leading pay levels database, PayNet will give you access to all the information you need to allow you to stand out from the crowd.
Making it stick
We’re not just looking at short-term plans either. We’ll help you roll out your reward strategy and, to make sure you’re getting a good return on your investment, we’ll help you measure if it’s working on an ongoing basis as well.