PAY

How do you know you are paying your people the right amount to recognise their contribution to your business? How do you know the market rates in your local area or for your business sector? Have you considered how pay fits into your overall reward package? Whatever the size and complexity of your business, pay is an important item on your profit and loss account and the management of this is critical to the success of your business.

Together we can:

• identify and review the market rates in your local area or for your business sector.
• benchmark specific roles in your business against roles being advertised or against salary survey data.
• review your overall approach to pay to ensure you are paying the appropriate salary and benefits at a price your business can afford. This could include reviewing pay progression arrangements; job sizing and grading structures; sick pay; maternity pay; paternity pay; holiday pay schemes; bonus commission and incentive schemes; pension schemes; flexible working arrangements such as flexi-time, job sharing, part-time working and variable working pattern arrangements.
• ensure that you comply with the law in respect of minimum wage, temporary workers and other wage related legislation.
• ensure you can deal effectively with pay reviews with employee representatives and with recognised trade unions and other bodies.
• understand and be able to introduce appropriate performance related pay and/or profit related pay.
• deal with equal pay claims.
• deal with revised pay arrangements following business restructuring or acquisition of a new business.
• carry out regular reviews of pay and overall reward packages to remain competitive.
• manage senior staff/Directors pay, including share plans, bonus arrangements etc.

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