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Building a business case
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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.
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