176 | UK Enterprise Awards 2023 Apr23497 Best Employee Rewards & Benefits Consultancy 2023 - South East Inspiring Reward Ltd is an HR consultancy specialising in the design and implementation of innovative and customised Reward and Benefits solutions. Primarily working with medium and large companies in the Hertfordshire and London area, it helps enable organisations attract, retain, and engage talented employees. Inspiring Reward offers effective and engaging total reward solutions. It works with senior business and HR leaders to help define their Reward principles, and design strategies to support business objectives. It can advise organisations on how to develop and implement pay structures that balance market competitiveness with internal equitability. It also provides effective communications, offering comprehensive education that ensures managers feel informed, safe, and relaxed when making pay decisions, and employees fully understand the value of their Total Reward package. Developing incentive and recognition plans to engage and motivate employees, whilst remaining aligned to business culture and objectives, is imperative and Inspiring Reward works with leaders to develop and communicate effective solutions. Inspiring Reward also supports organisations to develop benefits strategies which are cost effective, flexible enough to meet the needs of a diverse workforce and support employees’ financial, physical, and mental wellbeing. Furthermore, it will put in place management information and reporting solutions to improve and direct the organisation’s Reward Strategy. This includes coverage of Gender & Ethnicity Pay Gap Reporting, Reward Metrics, and Analytics to manage processes and measure the success of the Reward initiatives. Inspiring Reward stands out because of its passion and determination to fully understand its clients’ needs. It seeks to deliver Reward & Benefits solutions of the highest quality, but it also knows how essential it is that the Rewards enable clients to attract, retain and engage employees. The areas it concentrates on to achieve this includes effective communication, education, and reporting, with all its products and services delivered to very high standards. It ensures clients can manage their Rewards and Benefits processes effectively by providing a set of professional, simple to use tools, reports, and support materials. It also provides accessible and effective guidance by working with business leaders in a coaching style to explain the Reward concepts and facilitate development of the organisation’s own principles and philosophy in relation to this. Inspiring Reward develops professional communications campaigns to increase employee engagement in their Total Reward package and make investments in Reward as effective as possible. It develops and delivers training and education for managers in a range of formats, ensuring they are fully informed, and empowered to discuss Reward concepts with their team. Inspiring Reward is highly experienced in data analysis, People Analytics, and HR Systems implementation. This means it is able to support clients by using data to identify the best solutions, and measure effectiveness. It is passionate about improving and automating Reward processes, to enable cost reduction, and increasing governance and efficiency. It is committed to staying at the forefront of current trends and helping its clients adapt to the changing landscape of employee reward programmes. Recently, the COVID-19 pandemic, and current cost of living crisis, have had a fundamental impact on what employees have come to expect from their Total Reward package. Inspiring Reward can help here by supporting business and HR leaders to review their Reward Strategy and structures and stay ahead of the game in a difficult employment market. Some of the current emerging trends include pay transparency, an investor focus on ESG, and a concentration on new legislative changes. For example, a number of legislative changes coming to businesses in the US, and the introduction of the EU pay transparency directive, are the kinds of things that influence future legislation in the UK. Employees are understandably highly focused on pay, particularly during the cost-of-living crisis, and are not only looking for transparency from their employer but also in recruitment advertisements. These are some of the reasons it is critical that companies, regardless of their size, have clear and market competitive pay structures in place, with policies and processes which set out their pay philosophy, and ensure equitable pay decisions. Inspiring Reward has been named as the Best Employee Rewards & Benefits Consultancy 2023 - South East, in the UK Enterprise Awards. Its personalised and professional solutions reflect the need for organisations to show people they are valued and appreciated. As worthy winners of this award, now we can show Inspiring Reward how much it is valued and appreciated too. Company: Inspiring Reward Ltd Web Address: www.inspiringreward.co.uk Contact Name: Andrea Rae
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