Reward management including pay modelling
Typically an assignment will involve a number of steps including:
- Clarifying the requirement
- Designing, developing and testing the model(s)
- Collecting and validating personnel and payroll data
- Carrying out runs to compare different options
- Producing a wide range of reports showing costs and the effect on individuals
- Advising on the effects of different options and ways of mitigating unwanted effects
- Preparing documentation and training client staff to use the system
Often the project requires close interaction with the client in order to respond to rapidly changing needs.
The main benefits of pay modelling are:
- More accurate and consistent pay bill forecasts
- Rapid comparison of multiple options
- Greater understanding of the effects of pay changes
- Providing evidence to support negotiations with HM Treasury and trades unions
Examples of Jigsaw
reward management and pay modelling services.