Pay review planning |
Pay awards can vary markedly by sector, so you need to keep a close eye on the market. We can supply you with a report to help you determine the right pay award for your organisation.
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We can research pay rise movements in your sector and take account of economic trends and forecasts, explaining these in a clear, logical format that you can use to make informed decisions.
Conducting research for youPay awards vary according to the sector in which you operate, often quite markedly. We will access a range of current data sources to advise you on what is happening in your sector.
Inflation, unemployment and economic growth all influence pay rise trends. We keep track of these measures and explain their impact for you.
Pay rates tend to move at different speeds across different functions and levels of role, so pay benchmarking can help you ensure that you keep pace with the market. We can conduct this for specific roles, for a representative sample or across all of your jobs as part of the process.
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Varying awards for individualsYou may also vary pay for each individual to reflect their performance and competence, so we can help you to target your pay budget to get the best value from it.
We can design a pay review model for your organisation that will help you to achieve this, taking account of performance scores and where employees are currently paid relative to the market or their pay range.
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Your tailored reportWe will provide you with a customised report that incorporates the research you want so that you can plan for your organisation's pay review.
We can also present this in person if required to help you bring the detail to life.
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Case study: Pay review planning
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We've worked with TEC for several years, initially by assessing their roles and supporting the development of a simple pay structure, and subsequently helping them to maintain it. As part of our service, we provide them with pay review planning support.
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'As an organisation which has been in transition, it has been invaluable to have a service where we can have such a comprehensive view of all the aspects of pay and benefits from a range of private and public sector markets.
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EBRS provide a first class service and remove the guesswork from setting pay
scales, which allow us to recruit and keep the best staff.' |