Reward advisory
Benefits Strategy
Benefits that employees value and organisations can sustain.
Employee benefits represent a significant investment, yet organisations do not always know whether that investment is delivering the right value.
Reward Associates helps organisations review and redesign benefit programmes to improve competitiveness, employee value and cost effectiveness.
Our support
- Benefits strategy
- Benefits benchmarking
- Flexible benefits
- Healthcare
- Pensions
- Life assurance
- Income protection
- Wellbeing
- Allowances
- Recognition
- Voluntary benefits
- Total reward statements
- Benefit harmonisation
- Benefit communication
- Governance
- Cost analysis
A benefits review may consider
- Market competitiveness
- Employee value and utilisation
- Cost concentration
- Eligibility rules
- Flexibility and choice
- Communication
- Provider and broker arrangements
- Governance and sustainability
Our approach
Understand
Start with workforce needs, business priorities and the current benefit portfolio.
Analyse
Benchmark the market, analyse cost and understand employee value.
Design
Develop options covering design, funding, eligibility, choice and governance.
Implement
Support procurement, harmonisation, communication and implementation.
Typical outcomes
- A clearer benefits proposition
- Better visibility of total reward
- Improved cost effectiveness
- Greater employee choice where appropriate
- Consistent eligibility and governance
- A practical implementation roadmap
Related expertise
Discuss a benefits review
Reward Associates can provide independent, senior-led support from initial diagnosis through design and implementation.