Formulating and implementing strategies and policies to reward people fairly, equitably and consistently
Reward management refers to a company's overall strategy for its payment and reward system for its employees. It encompasses salary, bonus pay, benefits, and performance management.
A clear reward system within a company also can help motivate existing employees to improve their performance. Positive recognition for their work can help improve both performance and morale in employees, leading to higher productivity.
At thinkPeople we offer a range of services to help you manage your reward.
If you need a job evaluation system to grade every job in your organisation, thinkPeople offers a quick and simple solution.
Job evaluation offers your business a number of advantages:
At thinkPeople we offer a tailored job evaluation and grading approach which gives you a robust and consistent framework that is aligned to your organsiational strategy. This makes it easy for you to compare jobs. Not only does this help with structuring your pay and reward, it also makes benchmarking, organisation review, career planning and equal pay compliance more straightforward.
Capacity building and knowledge transfer are key aspects of our approach.
Market salary surveys are often the only way you can access pay data for specialist jobs or sectors, focusing on specific job types, or people working in the same local labour market. They offer a confidential and legal way of exchanging pay and benefits data.
At thinkPeople we offer a variety of market surveys designed to fit your needs. They include:
thinkPeople can help you develop salary ranges and calculate pay review costs
Employees who love their jobs, stay at their jobs.
Employee satisfaction is the level of contentment an individual feels toward their job. It is a facet of employment that is seldom discussed, but is a very important element in any workplace.
It is important for businesses to monitor and understand satisfaction levels, and for good reason. The level of satisfaction employees feel towards their job is directly related to how successfully they perform their job, how long they remain at their current place of employment, and most importantly, it impacts the collective culture of the business.
thinkPeople’s Employee Satisfaction Surveys gather hard data on employee affective and cognitive satisfaction.