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Reward, job evaluation, benchmarking

Reward and Benefits Benchmarking Report 2019:

In 2019 more than 70 Students' Unions participated in this sector-wide reward and benefits benchmarking survey. 

 

The report is available to view and download here.

 

Please email stephanie.obrien@nus.org.uk for further information or questions about this area of work 

Guide to Job Evaluation:

A Students' Unions guide to Job Evaluation is available to download in our resources section and here.

Consultancy Support:

Louise McFaul of Hillstreet Partnership is an associate who has worked with a number of Students' Unions on aspects of reward policy and strategy, including on job evaluation and bespoke pay benchmarking. Louise can be contacted direct at louisemcfaul1@gmail.com. Her services include:

Performance-Related Pay

Pay progression linked to performance is not for everyone - it relies on a consistent approach, the ability to hold effective performance conversations and a link to pay which 'feels fair'. Louise can help you with a scheme which is just built on positive performance conversations or which also links to pay. Alternatively, she can review what's already in place, paticularly where its' not working in the way you'd hoped.

Bonus Schemes

Bonus schemes which drive the behaviours and activities important to the success of your organisation can be powerful tools. Louise can help you establish a clear and fair scheme.

Remuneration Committee

If you are keen to introduce some rigour around pay and progression decisions, particularly for your senior jobs, Louise can help you set up a Remuneration Committee. This would include identifying the most appropriate composition of the panel, agreeing roles and responsibilities, and terms of reference.