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REWARD STRATEGY

Reward is a critical lever for organisations to use in recruiting, retaining and motivating talent.
All of our offerings can make a very positive contribution to driving high performance.

An organisation's success is highly dependent on its ability to recruit, retain and motivate the right talent through a coherent and compelling Employee Deal. Organisations are missing a key opportunity to influence their performance if they do not ensure that their reward strategy and structures support their business and people strategies.

OpenSymmetry’s approach starts with understanding your business strategy, culture and values and the people-problems you are trying to solve.

OUR APPROACH

The right strategies and policies are vital in helping to deliver your reward priorities. OpenSymmetry have the practical, tried and tested solutions which will ensure that your reward strategy can be a critical lever in driving higher performance throughout your organisation.

Our range of reward solutions includes:

  • A Total Reward approach to reward strategy, addressing all financial and non-financial motivators
  • Sales Incentive Design to drive revenue growth through Sales Performance Management
  • General Incentive Design to create a high-performance culture throughout your business
  • Pay and Grading design, incorporating payroll benchmarking and job grade evaluation
  • Performance Management process design, creating transparent and fair policy and practice

Development of Reward

BENEFITS

The key benefits that can be realised by a properly structured employee reward strategy include:

  • Reduced cost of reward
  • Increased return on investment in reward
  • Better coordinated & communicated reward
  • Lower staff turnover
  • Higher employee commitment
  • Employee deals consistent with business culture

WHEN TO USE OPENSYMMETRY

There are several business challenges that should cause your organisation to review its reward strategy and policies:

  • Aligning reward and business strategies
  • Managing the cost of reward
  • Creating a flexible reward strategy that can react quickly to economic challenges
  • Effective communication of reward
  • Post-merger integration