Total Reward

Services

	Services
	Total Reward
	Considering Total Reward?
	Introducing Total Reward
	Building a business case
	Total Reward Survey 2004 - Executive Summary
	Reward articles and publications
	Contact details

Building a business case for Total Reward

A four-step process

• Step 1: Project kick off



• Meet with project sponsor to discuss approach, requirements and to better understand business/HR objectives and current challenges, constraints and areas on which to focus on.


• Step 2: Data collection/research



• Analysis of organisation’s reward/HR metrics against peers.
• Collection of data including sample benchmark roles, completion of Total Reward survey, voluntary turnover analysis and summary of delivery costs.
• Qualitative research:
• three short telephone interviews with executives to discuss business, HR/reward design and delivery issues
• collect opinions from 20 randomly selected employees


• Step 3: Benchmarking/analysis



• Market benchmarking, including general market prevalence of specific rewards and specific market benchmarking for a number of roles.
• Analysis of data collected including:
• consideration of workforce demographics
• clarify what works well and not so well
• review current reward objectives
• identify opportunities for cost savings.


• Step 4: Feedback session



• Identify a number of options to consider taking forward and then prioritise these changes depending on decision-making criteria.
• Present findings to project sponsor and discuss options.

Global News

• United Kingdom -
  Executive compensation guidelines now available 
• Russia -
  Employers allowed to deduct some benefit payments to foreign workers 
• United Kingdom -
  Workers due more annual leave 
• France -
  Performance targets must be met to receive "golden parachute"