A reward strategy is a plan that shows how you will reward your employees for their work and achievements. It helps you communicate the purpose and value of your rewards to your employees.

A successful reward strategy will contribute to the performance of an organisation. It should be closely aligned to your HR strategy and should match your business goals, values, and culture.

A clearly communicated strategy that explains how pay levels are set, how job complexity links to pay, and how performance will be rewarded.

It should also demonstrate how your employee benefits and your learning and development provision support the organisation.

EBRS was commissioned by Shepherds Friendly, a financial mutual society, to review their Executive remuneration and bonus schemes.

We recommended that they also look more broadly at their reward strategy to ensure that it aligns with their business strategy, culture and values:

“As well as examining our reward practices, Karl and Alison spent time getting to know the business, meeting with senior managers and running focus groups with our staff.

They collated all of the information they gathered and provided a balanced report that summarised what works well, highlighting risk areas and recommending how we could further strengthen what we do.​

They presented the findings to our Remuneration Committee and we have implemented their advice.

​We enjoyed working with Karl and Alison . Their approach was very collaborative and really listened to what we were hoping to achieve with this project.

​We were kept up to date with progress throughout and everything was delivered within the agreed timescales.

We would have no hesitation in recommending the services of EBRS.”