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Leading a successful pay review: Download your guide
3 min read | Hays Experts | Report | People and culture Retention | Staff engagement
Leading a successful pay review can be difficult if it is not done properly. Find out how to discuss pay reviews to ensure the outcome for both parties is fair, with our Developing Loyalty Guide.
Benefits to your team can occur from conducting a pay review but it is important to implement steps beforehand to make sure it is successful.
Open communication and listening to your employees' needs are vital to ensure they are happy and remain hard-working.
Analyse your employees' progress by asking questions:
Using the information gathered will help you finalise a decision on whether they should have a pay rise. You will need to handle this information with sensitivity to make sure your employees remain feeling valued. Make sure you tell them when they should have an answer or arrange a follow-up meeting.
The aftermath of a proficient pay review can significantly impact your team's success, so it is important to get this right. Access our Developing Loyalty Guide for more insight on structuring an effective pay review.
With our 50 years of experience and thousands of specialist consultants, we are the best suited to offer essential advice on pay reviews and help you retain your workforce. By downloading our Developing Loyalty Guide and yearly salary guides, we can help your business understand salary expectations, market insights and answer questions to navigate the world of work.
Tackling the conversation about pay rises can be daunting for both parties. Here are a few steps to follow to manage an effective pay review and keep a motivated workforce:
Download your copy of the Developing Loyalty Guide to navigate your way through pay reviews and achieve the most beneficial outcome for both parties.
Our Developing Loyalty Guide has all you need to know about: