Remuneration and Reward Strategies

"What gets rewarded GETS DONE"

We have had extensive experience in helping clients develop and implement remuneration and reward systems over the last 20 years. As one of the founding directors of OCR and previously a senior consultant with CED and Mercer for 10 years, Ross McLelland has extensive experience and expertise in the CED and OCR job evaluation systems. We are accredited Global Remuneration Specialists with expertise in performance and reward strategies.

We are very familiar in working with organizations where getting results through practical and workable systems and processes at minimum cost is important.

The work with clients in this area is often divided into four main parts, which are normally integrated into an overall corporate performance and reward strategy. The parts are as follows:

• Remuneration policy and procedure, job analysis and job evaluation, market comparisons, and salary banding.


• Remuneration packaging, total employment cost, car options and policy, and soft benefit options, taking into account the taxation requirements.


• Sales commission and bonus aligned with corporate sales and general business productivity.


• Communication and rollout of the new system and processes.

ASK YOURSELF:

• Is the amount we pay our people enough to attract and retain the level of individual we need to produce the business results we require?
  
• Is the amount we pay our people fair across the organisation in terms job function and contribution?
• How does how we pay our people compare to that of our competitors?
• What can we afford to pay our people?
• Is the system we use to administer our remuneration system easy, efficient, sufficient and flexible?
• Have our people bought into our remuneration strategy?

An effective Remuneration and Reward Strategy:

• Helps to focus everybody’s attention on the overall objectives of the organisation.
• Steers employees in the right direction in terms of what the organisation will reward employees for.
• Will provide you with a framework for the provision of pay.
• Is pivotal in attracting and retaining competent motivated and qualified employees.
• Helps to reinforce your organisations values and culture.
• Ross is a globally qualified remuneration specialist.

TOOL BOX

Our consultants have extensive experience in the design and development of both executive and award staff grading, evaluation and remuneration systems and can help you with:

• your CED Job Evaluation System
  
• your OCR Job Evaluation System
  
• Broad banding Remuneration Systems
  
• Competency Based Remuneration Systems
  
• Various Market Data Sources
  
• Customised Organisational Specific Remuneration Surveys

Linking Pay to performance and the required analysis and development of models can be readily undertaken using our existing model or through developing organisation specific models.