Reward Strategies

Supporting Business Performance...

Employment and benefit costs impact greatly on your bottom line with reward packages becoming increasingly complex and expensive. These may encompass:

  • Salary structures
  • Bonus schemes
  • Pension schemes
  • Cars or car allowances
  • Share schemes
  • Holiday provision
  • Healthcare
  • and other Flexible benefits

Osprey HR Consultants focus on the delivery of a reward strategy giving you the right results at the right cost. Osprey HR will review and realign your reward strategy to ensure that you recruit and retain the best staff by rewarding them with salaries and benefits that reflect market conditions.

Any bonus schemes must be designed to support the key business drivers to ensure that the maximum benefit is achieved. Often bonus schemes don't reward the right behaviour and that costs money straight off the bottom line. Osprey HR will design bespoke bonus schemes to ensure that they support your business objectives and are appropriate.

Larger companies frequently provide a range of other benefits but don't often review them to establish whether they are achieving best value whilst reflecting what their staff actually wants. Car schemes, which are often the most emotive benefit, can now be structured in numerous ways and the same applies to pensions, private health care, share schemes, life assurance, permanent health insurance, employee assistance programmes and other benefits. Osprey HR provides advice on options available and how to structure them most appropriately.

To motivate and retain your employees Osprey HR also provide clear staff communications regarding benefits so your team will understand the value of the benefits they receive on top of their salary. Having selected the most appropriate salary and benefits scheme, you need to ensure that staff understands the value of their total compensation in order to gain maximum benefit from your reward strategy.

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  • Reward Strategies