What are pay reviews?

To run a successful business, it’s important your employees feel valued and know they are recognised for their contributions. People are seldom motivated by money alone, but a salary or wage review process, or a well-developed commission and incentive scheme provides opportunities to reward employees.

Pay reviews and incentive and commission schemes are important processes which are separate from the performance review process, even though they are linked. It's important to conduct pay reviews well, and to give full consideration to incentive and commission schemes, to ensure business and employee expectations are fully justified and managed correctly.

 Why are pay reviews and well-developed incentive and commission schemes important?

  • You need to know you’re paying fair market pay relative to position, performance and experience.
  • Employees who feel they are fairly compensated for their work and performance are less likely to leave.
  • Employees gain clarity about how they can increase their earning potential with guidelines.
  • Employees who feel under-valued can become demotivated and destructive to your organisation.
  • Expert help with pay reviews will help to manage your costs.
  • Fair pay reviews will support a high performance culture within your organisation.

How we help:

  • We can provide up-to-date market data for fair and transparent pay reviews, and carry out market related pay surveys on your behalf.
  • We’ll guide you through the pay review process or conduct pay reviews on your behalf.
  • We can design or provide advice and support with remuneration and benefit systems and help with calculating the costs.
  • We can help you design incentive and commission schemes that support the delivery of results.